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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Elkhorn, NE Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Elkhorn, NE Housing Market Trends

With 25,656 people, 9,476 houses or apartments, and a median cost of homes of $563,102, Elkhorn house prices are not only among the most expensive in Nebraska, Elkhorn real estate also is some of the most expensive in all of America.

Elkhorn is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Elkhorn than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elkhorn. Owner-occupied housing accounts for 73.01% of Elkhorn's homes, and 51.71% have either three or four bedrooms, which is average sized relative to America.

Elkhorn homes and real estate are some of the newest in America. 72.34% of Elkhorn's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Elkhorn real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.96%), and between 1940-1969 ( 3.12%).

Elkhorn Home Appreciation Rates

Real estate appreciation rates in Elkhorn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.05% during the period.

Appreciation rates are so strong in Elkhorn that despite a nationwide downturn in the housing market, Elkhorn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elkhorn appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 74.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elkhorn. Elkhorn appreciation rates in the latest quarter were at -1.16%, which equates to an annual appreciation rate of -4.54%.

Notably, Elkhorn's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Nebraska, our data show that Elkhorn's latest annual appreciation rate is higher than 80% of the other cities and towns in Nebraska.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Elkhorn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elkhorn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Elkhorn real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$563,102

Elkhorn, NE Home Prices
> $1,339,000
$1,005,001 - $1,339,000
$670,001 - $1,005,000
$536,001 - $670,000
$402,001 - $536,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
3.0%
3.0%
11.5%
11.5%
24.6%
24.6%
21.4%
21.4%
19.6%
19.6%
14.0%
14.0%
4.7%
4.7%
0.6%
0.6%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Nebraska

Very High

for nation

Number of Homes And Apartments:

9,476

Elkhorn Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,965 / per month

Homeownership Rate

Owners
Renters
73.0%
73.0%
27.0%
27.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
72.3%
72.3%
24.0%
24.0%
3.1%
3.1%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.7%
71.7%
5.3%
5.3%
0.2%
0.2%
22.3%
22.3%
0.4%
0.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
11.2%
11.2%
14.8%
14.8%
21.0%
21.0%
30.7%
30.7%
19.9%
19.9%
0% 100.0%
% of Homes