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 | Douglas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,583 | $167,658 | $242,182 |
| Price Trend (Annual %) | 12.6% | 8.2% | 8.2% |
| Median Gross Rent | $1,162 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Douglas County is about 55% higher than in Nebraska. Rent is about 12% higher 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 Douglas County, up about 12.6% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Douglas County rose about 43.1% between 2015 and 2023, from $812 to $1,162. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Douglas County.
Buying the median-priced home in Douglas County costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Douglas County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Douglas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,583 | $167,658 | $242,182 |
| Median Household Income | $79,450 | $74,987 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Douglas County rose about 165.5%, while median household income rose about 58.5% 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 | Douglas County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 61.2% | 58.2% |
| Rental Rate | 36.2% | 30.8% | 31.3% |
| Vacancy Rate | 5.5% | 8.0% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Douglas County has a homeownership rate of 58.4%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 5.5%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Douglas County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1976 | 1973 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Douglas County was built around 1976. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Douglas County, Nebraska.
What is the median home price in Douglas County, Nebraska?
The median home price in Douglas County, Nebraska is $260,583, higher than the Nebraska average of $167,658.
What is the average home price in Douglas 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 Douglas County, Nebraska?
The median gross rent in Douglas County, Nebraska is $1,162 per month, higher than the Nebraska average of $1,035.
What was the median gross rent in Douglas County in 2020?
In 2020, the median gross rent in Douglas County, Nebraska was $959 per month.
What is the price-to-rent ratio in Douglas County, Nebraska?
The price-to-rent ratio in Douglas County, Nebraska is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Douglas County.
Are home prices or rent rising faster in Douglas County, Nebraska?
Both home prices and rent are rising in Douglas County, up about 12.6% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Douglas County, Nebraska?
58.4% of households in Douglas County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Douglas County, Nebraska?
The housing vacancy rate in Douglas County, Nebraska is 5.5%, lower than the Nebraska average of 8.0%.