Nebraska housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$278,299+3.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$60,329About 0.8× the local median income ($76,578): affordable for a typical household
Days on market48 daysAbout the same pace as a year ago
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Nebraska is worth $278,299, up 3.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $240,573, so the area is 15.7% overvalued. It is a balanced market: homes take about 48 days to sell, listings are up 6% from a year ago, 15% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $60,329 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 $76,578. In the latest IRS figures, 2,283 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 | $278,299 |
| Change in 1 year | +3.0% |
| Overvalued % | +15.7% |
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| Fair home value | $240,573 |
| Change in 5 years | +26.1% |
| Zillow forecast, next 12 months | +2.8% |
| Home value to income | 3.6× |
| Monthly mortgage payment (20% down) | $1,508 |
| Income needed to afford it | $60,329 |
| Property tax rate | 1.49% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,263 |
Market activity
| Listings vs a year ago | +6.4% |
| Days on market | 48 |
| Listings with a price cut | 14.9% |
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| Homes for sale | 6,244 |
| Pending sales per 100 listings | 39 |
| Asking price per sq ft | $167 |
People and jobs
| Median household income | $76,578 |
| Population change (1 year) | +0.6% |
| Unemployment rate | 3.0% |
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| Population | 2,018,006 |
| Income adjusted for cost of living | $84,992 |
| Net moves in (IRS) | −2,283 |
| Cost of living (US = 100) | 90.1 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 70.6 |
| Unhealthy air days a year | 1 |
| Flood risk score | 65.7 |
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| Wildfire risk score | 77.7 |
| Walkability (1 to 20) | 9.5 |
| Road, rail and air noise | 53 dB |
Questions people ask
- Is Nebraska overvalued?
- Home prices in Nebraska are well above what local incomes have historically supported: fair value is about $240,573, so the area is 15.7% overvalued.
- Is Nebraska a buyer's or seller's market?
- Nebraska is a balanced market: homes take about 48 days to sell, listings are up 6% from a year ago, 15% of listings have had a price cut.
- Are home prices going down in Nebraska?
- Home values in Nebraska are up 3.0% over the last year. Zillow's forecast for the next 12 months is +2.8%.
- How much do you need to earn to buy a home in Nebraska?
- A household needs about $60,329 a year to afford the typical home in Nebraska at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,578.
Metro areas
Counties
Adams CountyAntelope CountyArthur CountyBanner CountyBlaine CountyBoone CountyBox Butte CountyBoyd CountyBrown CountyBuffalo CountyBurt CountyButler CountyCass CountyCedar CountyChase CountyCherry CountyCheyenne CountyClay CountyColfax CountyCuming CountyCuster CountyDakota CountyDawes CountyDawson CountyDeuel CountyDixon CountyDodge CountyDouglas CountyDundy CountyFillmore CountyFranklin CountyFrontier CountyFurnas CountyGage CountyGarden CountyGarfield CountyGosper CountyGrant CountyGreeley CountyHall CountyHamilton CountyHarlan CountyHayes CountyHitchcock CountyHolt CountyHooker CountyHoward CountyJefferson CountyJohnson CountyKearney CountyKeith CountyKeya Paha CountyKimball CountyKnox CountyLancaster CountyLincoln CountyLogan CountyLoup CountyMadison CountyMcPherson CountyMerrick CountyMorrill CountyNance CountyNemaha CountyNuckolls CountyOtoe CountyPawnee CountyPerkins CountyPhelps CountyPierce CountyPlatte CountyPolk CountyRed Willow CountyRichardson CountyRock CountySaline CountySarpy CountySaunders CountyScotts Bluff CountySeward CountySheridan CountySherman CountySioux CountyStanton CountyThayer CountyThomas CountyThurston CountyValley CountyWashington CountyWayne CountyWebster CountyWheeler CountyYork County