Gage County, Nebraska Housing Market Prices
Gage 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 79% above the Nebraska median Among the 5 most expensive counties in Nebraska$313,235
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Median rent 28% below the Nebraska median$774
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gage County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $313,235 | $175,282 | $248,835 |
| Price Trend (Annual %) | 32.9% | 7.7% | 7.5% |
| Median Gross Rent | $774 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gage County is about 79% higher than in Nebraska. Rent is about 28% 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 Gage County, up about 32.9% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Gage County rose about 23.4% between 2015 and 2024, from $627 to $774. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Gage County.
Buying the median-priced home in Gage County costs roughly 33.7 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 Gage County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Gage County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $313,235 | $175,282 | $248,835 |
| Median Household Income | $67,360 | $76,615 | $80,455 |
| Price-to-Income Ratio | 4.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gage County rose about 585.8%, while median household income rose about 50.7% between 2009 and 2025 — 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 | Gage County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.9% | 61.5% | 58.5% |
| Rental Rate | 23.7% | 30.9% | 31.2% |
| Vacancy Rate | 10.3% | 7.6% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Gage County has a homeownership rate of 65.9%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 10.3%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Gage County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1962 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Gage County was built around 1962. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gage County, Nebraska.
What is the median home price in Gage County, Nebraska?
The median home price in Gage County, Nebraska is $313,235, higher than the Nebraska average of $175,282.
What is the average home price in Gage County, Nebraska?
The typical home price in Gage County, Nebraska, reported as the median sale price, is $313,235. 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 Gage County, Nebraska?
The median gross rent in Gage County, Nebraska is $774 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Gage County in 2020?
In 2020, the median gross rent in Gage County, Nebraska was $637 per month.
What is the price-to-rent ratio in Gage County, Nebraska?
The price-to-rent ratio in Gage County, Nebraska is about 33.7, meaning it would take roughly 33.7 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 Gage County.
Are home prices or rent rising faster in Gage County, Nebraska?
Both home prices and rent are rising in Gage County, up about 32.9% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gage County, Nebraska?
65.9% of households in Gage County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Gage County, Nebraska?
The housing vacancy rate in Gage County, Nebraska is 10.3%, higher than the Nebraska average of 7.6%.
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