Kearney, NE Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kearney, NE Housing Market Trends

With 33,867 people, 12,987 houses or apartments, and a median cost of homes of $202,555, Kearney real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Kearney, accounting for 58.13% of the city's housing units. Other types of housing that are prevalent in Kearney include large apartment complexes or high rise apartments ( 18.25%), duplexes, homes converted to apartments or other small apartment buildings ( 10.72%), and a few mobile homes or trailers ( 6.93%).

The most prevalent building size and type in Kearney are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.45% owning and 44.55% renting.

There is a lot of housing in Kearney built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kearney built between 1940-1969 ( 19.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.82%). There's also some housing in Kearney built before 1939 ( 10.90%).

Kearney Home Appreciation Rates

Appreciation rates for homes in Kearney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 47.51%, which ranks in the top 40% nationwide. This equates to an annual average Kearney house appreciation rate of 3.96%.

Over the last year, Kearney appreciation rates have trailed the rest of the nation. In the last twelve months, Kearney's appreciation rate has been 4.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kearney were at 1.88%, which equates to an annual appreciation rate of 7.74%.

Relative to Nebraska, our data show that Kearney's latest annual appreciation rate is lower than 70% of the other cities and towns in Nebraska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kearney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kearney - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kearney real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$202,555

Kearney, NE HOME PRICES

> $1,136,000
0.6%
0.6%
$852,001 - $1,136,000
0.4%
0.4%
$568,001 - $852,000
1.2%
1.2%
$455,001 - $568,000
2.1%
2.1%
$341,001 - $455,000
5.4%
5.4%
$227,001 - $341,000
25.0%
25.0%
$114,001 - $227,000
50.9%
50.9%
$57,001 - $114,000
5.5%
5.5%
$0 - $57,000
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for NE

Value Relative To Nation

Number Of Homes And Apartments:
12,987

Kearney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
83.31% 2.89%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Owners
55.5%
55.5%
Renters
44.5%
44.5%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.8%
17.8%
1970 - 1999
51.6%
51.6%
1940 - 1969
19.7%
19.7%
1939 or Older
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.1%
58.1%
Townhomes
5.9%
5.9%
Small Apt. Buildings
10.7%
10.7%
Apt. Complexes
18.3%
18.3%
Mobile Homes
6.9%
6.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
11.8%
11.8%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
36.2%
36.2%
4 Bedrooms
17.8%
17.8%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES