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 | Brown County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $167,658 | $242,182 |
| Price Trend (Annual %) | 13.0% | 8.2% | 8.2% |
| Median Gross Rent | $932 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 10.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brown County is about 25% lower than in Nebraska. Rent is about 10% lower than the Nebraska 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 Brown County, up about 13.0% and 10.3% a year respectively. Home prices are changing faster.
Median rent in Brown County rose about 106.5% between 2015 and 2023, from $451 to $932. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Brown County.
Buying the median-priced home in Brown County costs roughly 11.2 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 Brown County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Brown County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $167,658 | $242,182 |
| Median Household Income | $52,182 | $74,987 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brown County rose about 50.8%, while median household income rose about 98.3% 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 | Brown County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.2% | 61.2% | 58.2% |
| Rental Rate | 19.2% | 30.8% | 31.3% |
| Vacancy Rate | 26.6% | 8.0% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Brown County has a homeownership rate of 54.2%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 26.6%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Brown County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1962 | 1973 | 1978 |
| Median Number of Rooms | 5.5 | 6.1 | 5.5 |
The typical housing unit in Brown County was built around 1962. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brown County, Nebraska.
What is the median home price in Brown County, Nebraska?
The median home price in Brown County, Nebraska is $125,000, lower than the Nebraska average of $167,658.
What is the average home price in Brown County, Nebraska?
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 Brown County, Nebraska?
The median gross rent in Brown County, Nebraska is $932 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Brown County in 2020?
In 2020, the median gross rent in Brown County, Nebraska was $553 per month.
What is the price-to-rent ratio in Brown County, Nebraska?
The price-to-rent ratio in Brown County, Nebraska is about 11.2, meaning it would take roughly 11.2 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 Brown County.
Are home prices or rent rising faster in Brown County, Nebraska?
Both home prices and rent are rising in Brown County, up about 13.0% and 10.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brown County, Nebraska?
54.2% of households in Brown County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Brown County, Nebraska?
The housing vacancy rate in Brown County, Nebraska is 26.6%, higher than the Nebraska average of 8.0%.