Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,983, 940 total housing units (homes and apartments), and a median house value of $382,892, Bennington real estate is some of the most expensive in Nebraska, although Bennington home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Bennington, accounting for 66.70% of the city's housing units. Other types of housing that are prevalent in Bennington include large apartment complexes or high rise apartments ( 21.35%), duplexes, homes converted to apartments or other small apartment buildings ( 9.21%), and a few row houses and other attached homes ( 2.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bennington. Owner-occupied housing accounts for 68.81% of Bennington's homes, and 55.34% have either three or four bedrooms, which is average sized relative to America.
Bennington homes and real estate are some of the newest in America. 48.19% of Bennington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bennington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.50%), and between 1940-1969 ( 9.21%). There's also some housing in Bennington built before 1939 ( 9.11%).
Appreciation rates for homes in Bennington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.46%, which ranks in the top 50% nationwide. This equates to an annual average Bennington house appreciation rate of 6.49%.
Appreciation rates are so strong in Bennington that despite a nationwide downturn in the housing market, Bennington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bennington appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 74.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bennington. Bennington appreciation rates in the latest quarter were at -1.16%, which equates to an annual appreciation rate of -4.54%.
Notably, Bennington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Nebraska, our data show that Bennington's latest annual appreciation rate is higher than 90% of the other cities and towns in Nebraska.
$382,892
for Nebraska
for nation
940
$2,029 / per month