Grand Island Metro Area, NE Housing

The housing market in the Grand Island, NE Metro Area is booming and has seen an impressive 1 year appreciation rate of 17.04%. This figure is almost double the US average of 8.27%. The median house value in Grand Island is $201,200 which is much lower than the US median of $338,100. These factors make Grand Island a great place to invest in real estate, with a potentially large return on investment and low entry cost into the market.

The median home cost in Grand Island Metro Area is $201,200. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Grand Island Metro Area is up 14.5%.

Average Age of Homes

- The median age of Grand Island Metro Area real estate is 47 years old

The Rental Market in Grand Island Metro Area

- Renters make up 29.9% of the Grand Island Metro Area population
- 1.0% of houses and apartments in Grand Island Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grand Island, Nebraska	United States
	31,582.0	139,647,020.0
	49	42
	$201,200	$338,100
	14.5%	16.6%
	45.7%	57.0%
	82.5%	101.1%
	$14.92	$10.98
	$2,395	$2,690
	61.4%	57.4%
	6.9%	11.2%
	31.7%	31.4%
Vacant Housing
	1.0%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	1.0%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.6%	2.4%
	4.1%	2.8%
	6.6%	3.9%
	7.8%	4.5%
	21.0%	11.3%
	21.5%	13.0%
	21.5%	20.1%
	6.4%	13.6%
	2.5%	8.3%
	2.1%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	10.9%	13.6%
	10.5%	13.2%
	18.3%	14.8%
	10.9%	13.6%
	10.2%	10.0%
	4.6%	4.7%
	19.5%	12.2%

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