Friday, November 10, 2006

Housing Report for Lancaster County, Nebraska

The residential real estate values in Lancaster County, Nebraska have seen large increases since the Census values accounted for in the year 2000. The values have increased by $30,400, or 28.7 percent, since 2000 when they were valued at $105,900.

Lancaster County recorded median owner-occupied home value in the year 2005 of $136,300, published by the American Community Survey. This median is greater than the overall Nebraska 2005 home median value of $113,200 and less than median owner-occupied dwelling value of $167,500 across the United States during the same year.

In the State of Nebraska, Lancaster County is positioned 2 of 93 in terms of growth of new housing structures between 2001 and 2005. The county stands 504 of 3,141, comparing the percentage change in residential in other US counties.

It can be understood that there is a fair amount of affordable housing in Lancaster County, Nebraska. In 2005, 42.2 percent of residential real estate was valued under $125,000.

In Lancaster County, the census reported 113,873 homes in 2005. The county has experienced a growth in housing units, adding a sum of 7,747 residential units since 2001, or 7.3 percent.

Lancaster County can be understood as having a medium proportion of high-valued homes. In 2005, the American Community Survey reports that 2 percent residential property is valued over $500k.

Data Source: U.S. Census Bureau

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