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 | Cass County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $134,722 | $167,658 | $242,182 |
| Price Trend (Annual %) | 3.6% | 8.2% | 8.2% |
| Median Gross Rent | $986 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cass County is about 20% lower than in Nebraska. Rent is about 5% 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 Cass County, up about 3.6% and 3.7% a year respectively. Rent is changing faster.
Median rent in Cass County rose about 34.1% between 2015 and 2023, from $736 to $986. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Cass County.
Buying the median-priced home in Cass County costs roughly 11.4 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 Cass County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Cass County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $134,722 | $167,658 | $242,182 |
| Median Household Income | $87,724 | $74,987 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cass County rose about 34.3%, while median household income rose about 40.7% 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 | Cass County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.2% | 61.2% | 58.2% |
| Rental Rate | 14.5% | 30.8% | 31.3% |
| Vacancy Rate | 10.3% | 8.0% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Cass County has a homeownership rate of 75.2%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 10.3%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Cass County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1984 | 1973 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Cass County was built around 1984. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cass County, Nebraska.
What is the median home price in Cass County, Nebraska?
The median home price in Cass County, Nebraska is $134,722, lower than the Nebraska average of $167,658.
What is the average home price in Cass 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 Cass County, Nebraska?
The median gross rent in Cass County, Nebraska is $986 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Cass County in 2020?
In 2020, the median gross rent in Cass County, Nebraska was $855 per month.
What is the price-to-rent ratio in Cass County, Nebraska?
The price-to-rent ratio in Cass County, Nebraska is about 11.4, meaning it would take roughly 11.4 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 Cass County.
Are home prices or rent rising faster in Cass County, Nebraska?
Both home prices and rent are rising in Cass County, up about 3.6% and 3.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Cass County, Nebraska?
75.2% of households in Cass County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Cass County, Nebraska?
The housing vacancy rate in Cass County, Nebraska is 10.3%, higher than the Nebraska average of 8.0%.