Sunday, January 2, 2011
Omaha tops the list of America's Lowest-risk Housing Markets: Deer Park is an Exemplar of Stability
What better way to start 2011 than with a post that shows why Omaha is one of the best cities to live in? According to a recent article on MSN, Omaha housing prices have increased nearly every year since 2000. Omaha topped the list of America's Lowest-risk Housing Markets, with a risk of price decline at 3.1%, preceding number two, Pittsburgh, with a risk of price decline at 12%. To read the MSN article, please click here.
I need to add that the Deer Park neighborhood is no exception to the Omaha home value stability market. Using an online home search engine provided by CBS Homes, I found homes in our neighborhood ranging from $12,000 - $129,000. With the median home value around $60,500, Omaha's Deer Park neighborhood stands as one of the nation's most affordable places to buy a home, with little to no projected depreciation. Apparently, Omaha's average home appreciation has fallen -1.3%, and the average national home appreciation has fallen -5.2%. Where did Deer Park rank in this? In our neighborhood, home appreciation managed to go up .1%. Deer Park does have an aging housing stock, but at median price around $60,000, our neighborhood, less than a fifteen minute walk to the Downtown Old Market, is a great place to buy a starter home. Trust me, I practice what I preach: if you are looking for a home, you need to consider buying in this neighborhood. When I first learned of these astonishing low home prices in such a stable market and safe neighborhood, I jumped at the opportunity to buy a home here in 2009. Above is photo of my home. The stats: 2700 square ft., five bedrooms, 2.5 baths, and a mortgage less than a two bedroom apartment.
Thanks for reading, and please come back to this blog to learn more about our neighborhood. Happy New Year!
Oscar Duran: Deer Park President
Posted by The Deer Park Neighborhood at 8:10 AM