Buffalo County, Nebraska Housing Market Prices
Buffalo County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% above the Nebraska median More expensive than 89% of counties in Nebraska$238,571
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Median rent 13% below the Nebraska median More expensive than 87% of counties in Nebraska$935
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Buffalo County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $238,571 | $175,282 | $248,835 |
| Price Trend (Annual %) | 9.2% | 7.7% | 7.5% |
| Median Gross Rent | $935 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Buffalo County is about 36% higher than in Nebraska. Rent is about 13% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Buffalo County, up about 9.2% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Buffalo County rose about 29.6% between 2015 and 2024, from $721 to $935. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Buffalo County.
Buying the median-priced home in Buffalo County costs roughly 21.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Buffalo County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Buffalo County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $238,571 | $175,282 | $248,835 |
| Median Household Income | $75,983 | $76,615 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Buffalo County rose about 190.7%, while median household income rose about 57.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Buffalo County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 61.5% | 58.5% |
| Rental Rate | 31.5% | 30.9% | 31.2% |
| Vacancy Rate | 6.1% | 7.6% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Buffalo County has a homeownership rate of 62.3%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 6.1%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Buffalo County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1981 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Buffalo County was built around 1981. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 14.0 years on average.
Buffalo County, NE Housing Compared With Nearby Counties
How Buffalo County, NE compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Buffalo County, NE | 50,579 | $238,571 #2/2 | $935 #2/2 | 66.4% #1/2 |
| Hall County, NE | 62,536 | $243,292 | $942 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Buffalo County, Nebraska.
What is the median home price in Buffalo County, Nebraska?
The median home price in Buffalo County, Nebraska is $238,571, higher than the Nebraska average of $175,282.
What is the average home price in Buffalo County, Nebraska?
The typical home price in Buffalo County, Nebraska, reported as the median sale price, is $238,571. 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 Buffalo County, Nebraska?
The median gross rent in Buffalo County, Nebraska is $935 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Buffalo County in 2020?
In 2020, the median gross rent in Buffalo County, Nebraska was $796 per month.
What is the price-to-rent ratio in Buffalo County, Nebraska?
The price-to-rent ratio in Buffalo County, Nebraska is about 21.3, meaning it would take roughly 21.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Buffalo County.
Are home prices or rent rising faster in Buffalo County, Nebraska?
Both home prices and rent are rising in Buffalo County, up about 9.2% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Buffalo County, Nebraska?
62.3% of households in Buffalo County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Buffalo County, Nebraska?
The housing vacancy rate in Buffalo County, Nebraska is 6.1%, lower than the Nebraska average of 7.6%.
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