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 | Banner County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $167,658 | $242,182 |
| Price Trend (Annual %) | — | 8.2% | 8.2% |
| Median Gross Rent | $974 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 10.5% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 6% lower than the Nebraska average.
Affordability
| Metric | Banner County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $167,658 | $242,182 |
| Median Household Income | $72,954 | $74,987 | $78,145 |
| Price-to-Income Ratio | — | 2.2 | 3.1 |
Occupancy & Tenure
| Metric | Banner County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 61.2% | 58.2% |
| Rental Rate | 17.9% | 30.8% | 31.3% |
| Vacancy Rate | 26.5% | 8.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Banner County has a homeownership rate of 55.6%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 26.5%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Banner County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1954 | 1973 | 1978 |
| Median Number of Rooms | 7.0 | 6.1 | 5.5 |
The typical housing unit in Banner County was built around 1954. On average, 2.6 people live in a home with about 7.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Banner County, Nebraska.
What is the median rent in Banner County, Nebraska?
The median gross rent in Banner County, Nebraska is $974 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Banner County in 2020?
In 2020, the median gross rent in Banner County, Nebraska was $933 per month.
What is the homeownership rate in Banner County, Nebraska?
55.6% of households in Banner County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Banner County, Nebraska?
The housing vacancy rate in Banner County, Nebraska is 26.5%, higher than the Nebraska average of 8.0%.