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 | Frontier County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,894 | $167,658 | $242,182 |
| Price Trend (Annual %) | 9.5% | 8.2% | 8.2% |
| Median Gross Rent | $605 | $1,035 | $1,342 |
| Rent Trend (Annual %) | -0.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Frontier County is about 36% lower than in Nebraska. Rent is about 42% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Frontier County: home prices rose about 9.5% a year while rent fell about 0.3% a year. That is an unusual pattern worth watching.
Median rent in Frontier County rose about 4.4% between 2015 and 2023, from $580 to $605. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Frontier County.
Buying the median-priced home in Frontier County costs roughly 14.9 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 Frontier County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Frontier County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,894 | $167,658 | $242,182 |
| Median Household Income | $68,733 | $74,987 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2023, the median home price in Frontier County rose about 68.1%, while median household income rose about 62.3% 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 | Frontier County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 61.2% | 58.2% |
| Rental Rate | 21.6% | 30.8% | 31.3% |
| Vacancy Rate | 23.3% | 8.0% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Frontier County has a homeownership rate of 55.2%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 23.3%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Frontier County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1956 | 1973 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Frontier County was built around 1956. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Frontier County, Nebraska.
What is the median home price in Frontier County, Nebraska?
The median home price in Frontier County, Nebraska is $107,894, lower than the Nebraska average of $167,658.
What is the average home price in Frontier 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 Frontier County, Nebraska?
The median gross rent in Frontier County, Nebraska is $605 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Frontier County in 2020?
In 2020, the median gross rent in Frontier County, Nebraska was $607 per month.
What is the price-to-rent ratio in Frontier County, Nebraska?
The price-to-rent ratio in Frontier County, Nebraska is about 14.9, meaning it would take roughly 14.9 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 Frontier County.
Are home prices or rent rising faster in Frontier County, Nebraska?
Home prices and rent are moving in opposite directions in Frontier County: home prices rose about 9.5% a year while rent fell about 0.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Frontier County, Nebraska?
55.2% of households in Frontier County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Frontier County, Nebraska?
The housing vacancy rate in Frontier County, Nebraska is 23.3%, higher than the Nebraska average of 8.0%.