Furnas County, Nebraska Housing Market Prices
Furnas County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 72% below the Nebraska median Cheaper than 75% of counties in Nebraska$48,749
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Median rent 29% below the Nebraska median$762
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Furnas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,749 | $175,282 | $248,835 |
| Price Trend (Annual %) | 0.0% | 7.7% | 7.5% |
| Median Gross Rent | $762 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Furnas County is about 72% lower than in Nebraska. Rent is about 29% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Furnas County, up about 0.0% and 4.7% a year respectively. Rent is changing faster.
Median rent in Furnas County rose about 44.7% between 2015 and 2024, from $527 to $762. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Furnas County.
Buying the median-priced home in Furnas County costs roughly 5.3 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 Furnas County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Furnas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,749 | $175,282 | $248,835 |
| Median Household Income | $61,822 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Furnas County fell about 26.5%, while median household income rose about 52.0% between 2009 and 2025 — 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 | Furnas County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.0% | 61.5% | 58.5% |
| Rental Rate | 18.9% | 30.9% | 31.2% |
| Vacancy Rate | 20.1% | 7.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Furnas County has a homeownership rate of 61.0%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 20.1%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Furnas County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1949 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Furnas County was built around 1949. On average, 2.2 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Furnas County, NE Housing Compared With Nearby Counties
How Furnas County, NE compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Furnas County, NE | 4,568 | $48,749 #2/2 | $762 #2/2 | 76.3% #1/2 |
| Red Willow County, NE | 10,557 | $172,628 | $819 | 73.0% |
Frequently Asked Questions
Common questions about the housing market in Furnas County, Nebraska.
What is the median home price in Furnas County, Nebraska?
The median home price in Furnas County, Nebraska is $48,749, lower than the Nebraska average of $175,282.
What is the average home price in Furnas County, Nebraska?
The typical home price in Furnas County, Nebraska, reported as the median sale price, is $48,749. 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 Furnas County, Nebraska?
The median gross rent in Furnas County, Nebraska is $762 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Furnas County in 2020?
In 2020, the median gross rent in Furnas County, Nebraska was $685 per month.
What is the price-to-rent ratio in Furnas County, Nebraska?
The price-to-rent ratio in Furnas County, Nebraska is about 5.3, meaning it would take roughly 5.3 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 Furnas County.
Are home prices or rent rising faster in Furnas County, Nebraska?
Both home prices and rent are rising in Furnas County, up about 0.0% and 4.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Furnas County, Nebraska?
61.0% of households in Furnas County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Furnas County, Nebraska?
The housing vacancy rate in Furnas County, Nebraska is 20.1%, higher than the Nebraska average of 7.6%.
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