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 | Dixon County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,243 | $167,658 | $242,182 |
| Price Trend (Annual %) | 37.5% | 8.2% | 8.2% |
| Median Gross Rent | $660 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 0.5% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dixon County is about 2% higher than in Nebraska. Rent is about 36% 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 Dixon County, up about 37.5% and 0.5% a year respectively. Home prices are changing faster.
Median rent in Dixon County rose about 9.1% between 2015 and 2023, from $605 to $660. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Dixon County.
Buying the median-priced home in Dixon County costs roughly 21.6 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 Dixon County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Dixon County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,243 | $167,658 | $242,182 |
| Median Household Income | $67,948 | $74,987 | $78,145 |
| Price-to-Income Ratio | 2.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dixon County rose about 337.2%, while median household income rose about 61.5% between 2009 and 2023 — 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 | Dixon County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 61.2% | 58.2% |
| Rental Rate | 20.1% | 30.8% | 31.3% |
| Vacancy Rate | 11.5% | 8.0% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Dixon County has a homeownership rate of 68.4%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 11.5%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Dixon County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1967 | 1973 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Dixon County was built around 1967. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dixon County, Nebraska.
What is the median home price in Dixon County, Nebraska?
The median home price in Dixon County, Nebraska is $171,243, higher than the Nebraska average of $167,658.
What is the average home price in Dixon 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 Dixon County, Nebraska?
The median gross rent in Dixon County, Nebraska is $660 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Dixon County in 2020?
In 2020, the median gross rent in Dixon County, Nebraska was $593 per month.
What is the price-to-rent ratio in Dixon County, Nebraska?
The price-to-rent ratio in Dixon County, Nebraska is about 21.6, meaning it would take roughly 21.6 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 Dixon County.
Are home prices or rent rising faster in Dixon County, Nebraska?
Both home prices and rent are rising in Dixon County, up about 37.5% and 0.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dixon County, Nebraska?
68.4% of households in Dixon County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Dixon County, Nebraska?
The housing vacancy rate in Dixon County, Nebraska is 11.5%, higher than the Nebraska average of 8.0%.