The housing situation in Grand Island, NE is extremely robust. The median value of a house in the 68803 zip code is $236,100, which is $102,000 less than the US median house value of $338,100. However, this does not mean that the housing market in Grand Island is weak; quite the opposite is true. In one year's time, there has been an 18.33% appreciation rate for houses in this area - far above the national average of 8.27%. This indicates that Grand Island has an incredibly strong and stable real estate market that continues to be a great investment for those looking to buy property.
The median home cost in Grand Island (zip 68803) is $236,100. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Grand Island (zip 68803) is up 14.5%.
Average Age of Homes
- The median age of Grand Island (zip 68803) real estate is 40 years old
The Rental Market in Grand Island (zip 68803)
- Renters make up 31.6% of the Grand Island (zip 68803) population
- 0.8% of houses and apartments in Grand Island (zip 68803), 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.