Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nemaha County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,999 | $104,507 | $242,182 |
| Price Trend (Annual %) | 14.2% | 5.0% | 8.2% |
| Median Gross Rent | $726 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nemaha County is about 9% lower than in Kansas. Rent is about 29% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Nemaha County, up about 14.2% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Nemaha County rose about 36.6% between 2015 and 2023, from $531 to $726. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Nemaha County.
Buying the median-priced home in Nemaha County costs roughly 10.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Nemaha County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Nemaha County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,999 | $104,507 | $242,182 |
| Median Household Income | $78,704 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.2 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Nemaha County rose about 46.2%, while median household income rose about 69.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nemaha County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 60.4% | 58.2% |
| Rental Rate | 19.1% | 29.9% | 31.3% |
| Vacancy Rate | 10.1% | 9.7% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Nemaha County has a homeownership rate of 70.9%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 10.1%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Nemaha County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1974 | 1974 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in Nemaha County was built around 1974. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nemaha County, Kansas.
What is the median home price in Nemaha County, Kansas?
The median home price in Nemaha County, Kansas is $94,999, lower than the Kansas average of $104,507.
What is the average home price in Nemaha County, Kansas?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Nemaha County, Kansas?
The median gross rent in Nemaha County, Kansas is $726 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Nemaha County in 2020?
In 2020, the median gross rent in Nemaha County, Kansas was $673 per month.
What is the price-to-rent ratio in Nemaha County, Kansas?
The price-to-rent ratio in Nemaha County, Kansas is about 10.9, meaning it would take roughly 10.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Nemaha County.
Are home prices or rent rising faster in Nemaha County, Kansas?
Both home prices and rent are rising in Nemaha County, up about 14.2% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nemaha County, Kansas?
70.9% of households in Nemaha County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Nemaha County, Kansas?
The housing vacancy rate in Nemaha County, Kansas is 10.1%, higher than the Kansas average of 9.7%.