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 | Dodge County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,143 | $167,658 | $242,182 |
| Price Trend (Annual %) | 4.2% | 8.2% | 8.2% |
| Median Gross Rent | $984 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dodge County is about 69% 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 Dodge County, up about 4.2% and 4.8% a year respectively. Rent is changing faster.
Median rent in Dodge County rose about 42.6% between 2015 and 2023, from $690 to $984. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Dodge County.
Buying the median-priced home in Dodge County costs roughly 4.4 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 Dodge County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Dodge County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,143 | $167,658 | $242,182 |
| Median Household Income | $72,205 | $74,987 | $78,145 |
| Price-to-Income Ratio | 0.7 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dodge County fell about 13.6%, while median household income rose about 60.8% 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 | Dodge County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 61.2% | 58.2% |
| Rental Rate | 29.8% | 30.8% | 31.3% |
| Vacancy Rate | 10.2% | 8.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Dodge County has a homeownership rate of 60.0%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 10.2%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Dodge County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1966 | 1973 | 1978 |
| Median Number of Rooms | 5.8 | 6.1 | 5.5 |
The typical housing unit in Dodge County was built around 1966. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dodge County, Nebraska.
What is the median home price in Dodge County, Nebraska?
The median home price in Dodge County, Nebraska is $52,143, lower than the Nebraska average of $167,658.
What is the average home price in Dodge 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 Dodge County, Nebraska?
The median gross rent in Dodge County, Nebraska is $984 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Dodge County in 2020?
In 2020, the median gross rent in Dodge County, Nebraska was $770 per month.
What is the price-to-rent ratio in Dodge County, Nebraska?
The price-to-rent ratio in Dodge County, Nebraska is about 4.4, meaning it would take roughly 4.4 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 Dodge County.
Are home prices or rent rising faster in Dodge County, Nebraska?
Both home prices and rent are rising in Dodge County, up about 4.2% and 4.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Dodge County, Nebraska?
60.0% of households in Dodge County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Dodge County, Nebraska?
The housing vacancy rate in Dodge County, Nebraska is 10.2%, higher than the Nebraska average of 8.0%.