Grant County, Nebraska Housing Market Prices
Grant 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.
-
Median home price 78% below the Nebraska median Cheaper than 79% of counties in Nebraska$38,648
-
Median rent 19% below the Nebraska median$866
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grant County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,648 | $175,282 | $248,835 |
| Price Trend (Annual %) | -35.6% | 7.7% | 7.5% |
| Median Gross Rent | $866 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 14.3% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant County is about 78% lower than in Nebraska. Rent is about 19% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2017
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Grant County: home prices fell about 35.6% a year while rent rose about 14.3% a year. That is an unusual pattern worth watching.
Median rent in Grant County rose about 40.2% between 2015 and 2024, from $618 to $866. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Grant County.
Buying the median-priced home in Grant County costs roughly 3.7 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 Grant County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Grant County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,648 | $175,282 | $248,835 |
| Median Household Income | $63,620 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2017, the median home price in Grant County fell about 35.6%, while median household income rose about 54.2% 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 | Grant County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.4% | 61.5% | 58.5% |
| Rental Rate | 20.4% | 30.9% | 31.2% |
| Vacancy Rate | 30.2% | 7.6% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Grant County has a homeownership rate of 49.4%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 30.2%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Grant County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1960 | 1974 | 1978 |
| Median Number of Rooms | 5.4 | 6.1 | 5.5 |
The typical housing unit in Grant County was built around 1960. On average, 2.1 people live in a home with about 5.4 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grant County, Nebraska.
What is the median home price in Grant County, Nebraska?
The median home price in Grant County, Nebraska is $38,648, lower than the Nebraska average of $175,282.
What is the average home price in Grant County, Nebraska?
The typical home price in Grant County, Nebraska, reported as the median sale price, is $38,648. 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 Grant County, Nebraska?
The median gross rent in Grant County, Nebraska is $866 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Grant County in 2020?
In 2020, the median gross rent in Grant County, Nebraska was $825 per month.
What is the price-to-rent ratio in Grant County, Nebraska?
The price-to-rent ratio in Grant County, Nebraska is about 3.7, meaning it would take roughly 3.7 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 Grant County.
Are home prices or rent rising faster in Grant County, Nebraska?
Home prices and rent are moving in opposite directions in Grant County: home prices fell about 35.6% a year while rent rose about 14.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Grant County, Nebraska?
49.4% of households in Grant County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Grant County, Nebraska?
The housing vacancy rate in Grant County, Nebraska is 30.2%, higher than the Nebraska average of 7.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →