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 7,752, 2,787 total housing units (homes and apartments), and a median house value of $344,080, Seward real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Seward, accounting for 68.77% of the city's housing units. Other types of housing that are prevalent in Seward include large apartment complexes or high rise apartments ( 16.78%), duplexes, homes converted to apartments or other small apartment buildings ( 8.51%), and a few row houses and other attached homes ( 5.14%).
The most prevalent building size and type in Seward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.50% owning and 46.50% renting.
There is a lot of housing in Seward 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 Seward built between 2000 and later ( 24.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.79%). There's also some housing in Seward built before 1939 ( 17.42%).
Real estate appreciation rates in Seward's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.63% during the period.
Appreciation rates are so strong in Seward that despite a nationwide downturn in the housing market, Seward real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seward appreciation rates continue to be some of the highest in America, at 4.79%, which is higher than appreciation rates in 71.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seward. Seward appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.44%.
Relative to Nebraska, our data show that Seward's latest annual appreciation rate is higher than 90% of the other cities and towns in Nebraska.
$344,080
for Nebraska
for nation
2,787
$1,481 / per month