Garfield County, Nebraska Housing Market Prices
Garfield 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 63% below the Nebraska median$65,357
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Median rent 54% below the Nebraska median Cheapest county in Nebraska$489
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Garfield County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,357 | $175,282 | $248,835 |
| Price Trend (Annual %) | 0.7% | 7.7% | 7.5% |
| Median Gross Rent | $489 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garfield County is about 63% lower than in Nebraska. Rent is about 54% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Garfield County, up about 0.7% and 5.1% a year respectively. Rent is changing faster.
Median rent in Garfield County rose about 45.6% between 2015 and 2024, from $336 to $489. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Garfield County.
Buying the median-priced home in Garfield County costs roughly 11.1 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 Garfield County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Garfield County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,357 | $175,282 | $248,835 |
| Median Household Income | $64,005 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Garfield County rose about 0.5%, while median household income rose about 69.2% 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 | Garfield County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 61.5% | 58.5% |
| Rental Rate | 17.0% | 30.9% | 31.2% |
| Vacancy Rate | 29.2% | 7.6% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Garfield County has a homeownership rate of 53.8%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 29.2%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Garfield County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1965 | 1974 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Garfield County was built around 1965. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Garfield County, Nebraska.
What is the median home price in Garfield County, Nebraska?
The median home price in Garfield County, Nebraska is $65,357, lower than the Nebraska average of $175,282.
What is the average home price in Garfield County, Nebraska?
The typical home price in Garfield County, Nebraska, reported as the median sale price, is $65,357. 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 Garfield County, Nebraska?
The median gross rent in Garfield County, Nebraska is $489 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Garfield County in 2020?
In 2020, the median gross rent in Garfield County, Nebraska was $445 per month.
What is the price-to-rent ratio in Garfield County, Nebraska?
The price-to-rent ratio in Garfield County, Nebraska is about 11.1, meaning it would take roughly 11.1 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 Garfield County.
Are home prices or rent rising faster in Garfield County, Nebraska?
Both home prices and rent are rising in Garfield County, up about 0.7% and 5.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Garfield County, Nebraska?
53.8% of households in Garfield County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Garfield County, Nebraska?
The housing vacancy rate in Garfield County, Nebraska is 29.2%, higher than the Nebraska average of 7.6%.
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