Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$245,248+5.7% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 23% have cut their price
Income needed to buy, per year$53,165About 0.7× the local median income ($75,195): affordable for a typical household
Days on market36 daysFaster than a year ago: sellers have the edge
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Dakota County, NE is worth $245,248, up 5.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $214,263, so the area is 14.5% overvalued. It is a balanced market, leaning toward sellers: homes take about 36 days to sell, listings are down 12% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $53,165 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 $75,195. Typical rent is $1,399 a month, or $1,563 for a house. In the latest IRS figures, 238 more people moved out than in.
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
$245,248
Change in 1 year
+5.7%
Overvalued %
+14.5%
Show 7 more
Fair home value
$214,263
Change in 5 years
+34.6%
Zillow forecast, next 12 months
+2.9%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,329
Income needed to afford it
$53,165
Property tax rate
1.54%
Rent and investing
Typical rent
$1,399
Typical rent for houses
$1,563
Price-to-rent ratio
14.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,194
Gross rental yield
6.85%
Cap rate (estimate)
4.45%
Market activity
Listings vs a year ago
−12.0%
Days on market
36
Listings with a price cut
23.1%
Show 3 more
Homes for sale
22
Pending sales per 100 listings
32
Asking price per sq ft
$168
People and jobs
Median household income
$75,195
Population change (1 year)
+0.9%
Unemployment rate
4.8%
Show 4 more
Population
21,687
Income adjusted for cost of living
$86,931
Net moves in (IRS)
−238
Cost of living (US = 100)
86.5
Schools, risk and environment
School rating (1 to 10)
3.3
FEMA hazard risk score (0 to 100)
36.0
Flood risk score
33.8
Show 3 more
Wildfire risk score
78.1
Walkability (1 to 20)
11.5
Road, rail and air noise
51 dB
Questions people ask
Is Dakota County, NE overvalued?
Home prices in Dakota County, NE are well above what local incomes have historically supported: fair value is about $214,263, so the area is 14.5% overvalued.
Is Dakota County, NE a buyer's or seller's market?
Dakota County, NE is a balanced market, leaning toward sellers: homes take about 36 days to sell, listings are down 12% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Dakota County, NE?
Home values in Dakota County, NE are up 5.7% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Dakota County, NE?
A household needs about $53,165 a year to afford the typical home in Dakota County, NE at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,195.