68007, Bennington, NE

Home equity is a measure of the value of a home minus the outstanding mortgage debt. The average home in Bennington, NE has a value of $183,000. Home prices have increased by 8% since 2007 and are projected to increase by another 5% in 2016. This steady growth has made Bennington one of the most desirable places to live in Nebraska.

The majority of homes in Bennington are owner-occupied. There is a large demand for housing due to the strong economy and low unemployment rate. Families are able to afford larger homes because they have equity in their homes. Additionally, there is limited available land for new development, which has contributed to the high prices of homes in Bennington.

There are several factors that contribute to home values increasing over time: increased demand from families who want to live in desirable areas, low interest rates that make borrowing more affordable, and limited supply of housing units that result in higher prices per unit. While there may be some fluctuations from year-to-year due to economic conditions or changes in the market, overall Bennington homeownership rates remain high which contributes to stability and predictability when it comes to buying or selling a home.