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 7,021, 2,285 total housing units (homes and apartments), and a median house value of $259,456, Crete 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 Crete, accounting for 70.47% of the city's housing units. Other types of housing that are prevalent in Crete include large apartment complexes or high rise apartments ( 16.96%), mobile homes or trailers ( 6.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.60%).
The most prevalent building size and type in Crete are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.44% owning and 39.56% renting.
There is a lot of housing in Crete 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 Crete built between 1940-1969 ( 30.30%). A lesser amount of the housing stock also hails from before 1939 ( 15.94%). There's also some housing in Crete built between 2000 and later ( 15.17%).
Appreciation rates for homes in Crete have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.81%, which ranks in the top 40% nationwide. This equates to an annual average Crete house appreciation rate of 7.17%.
Over the last year, Crete appreciation rates have trailed the rest of the nation. In the last twelve months, Crete's appreciation rate has been 2.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crete were at 5.45%, which equates to an annual appreciation rate of 23.64%.
Importantly, this makes Crete one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Nebraska, our data show that Crete's latest annual appreciation rate is lower than 90% of the other cities and towns in Nebraska.
$259,456
for Nebraska
for nation
2,285
$1,237 / per month