Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$221,476−5.6% YoY · prices are falling fast
Market right nowBalanced marketFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$48,011About 0.7× the local median income ($65,705): affordable for a typical household
Days on market97 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cherry County, NE is worth $221,476, down 5.6% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $227,857, so the area is 2.8% undervalued. It is a balanced market: homes take about 97 days to sell, listings are down 9% from a year ago, 0% of listings have had a price cut. A household needs about $48,011 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,705. In the latest IRS figures, 8 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$221,476
Change in 1 year
−5.6%
Overvalued %
−2.8%
Show 6 more
Fair home value
$227,857
Change in 5 years
+21.5%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,200
Income needed to afford it
$48,011
Property tax rate
0.99%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,114
Market activity
Listings vs a year ago
−9.1%
Days on market
97
Listings with a price cut
0.0%
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Homes for sale
10
Pending sales per 100 listings
30
Asking price per sq ft
$143
People and jobs
Median household income
$65,705
Population change (1 year)
−0.2%
Unemployment rate
0.4%
Show 4 more
Population
5,561
Income adjusted for cost of living
$76,136
Net moves in (IRS)
+8
Cost of living (US = 100)
86.3
Schools, risk and environment
School rating (1 to 10)
7.2
FEMA hazard risk score (0 to 100)
13.6
Flood risk score
15.0
Show 3 more
Wildfire risk score
88.4
Walkability (1 to 20)
6.3
Road, rail and air noise
54 dB
Questions people ask
Is Cherry County, NE overvalued?
Home prices in Cherry County, NE are slightly below what local incomes have historically supported: fair value is about $227,857, so the area is 2.8% undervalued.
Is Cherry County, NE a buyer's or seller's market?
Cherry County, NE is a balanced market: homes take about 97 days to sell, listings are down 9% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Cherry County, NE?
Home values in Cherry County, NE are down 5.6% over the last year.
How much do you need to earn to buy a home in Cherry County, NE?
A household needs about $48,011 a year to afford the typical home in Cherry County, NE at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,705.