Hamilton County, Nebraska Housing Market Prices
Hamilton 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 44% below the Nebraska median$98,332
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Median rent 26% below the Nebraska median$793
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hamilton County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,332 | $175,282 | $248,835 |
| Price Trend (Annual %) | 12.1% | 7.7% | 7.5% |
| Median Gross Rent | $793 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 44% lower than in Nebraska. Rent is about 26% 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 Hamilton County, up about 12.1% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Hamilton County rose about 15.8% between 2015 and 2024, from $685 to $793. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 10.3 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 Hamilton County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Hamilton County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,332 | $175,282 | $248,835 |
| Median Household Income | $86,646 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hamilton County rose about 43.5%, while median household income rose about 58.8% 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 | Hamilton County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.8% | 61.5% | 58.5% |
| Rental Rate | 15.0% | 30.9% | 31.2% |
| Vacancy Rate | 12.2% | 7.6% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Hamilton County has a homeownership rate of 72.8%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 12.2%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Hamilton County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.87 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1969 | 1974 | 1978 |
| Median Number of Rooms | 7.0 | 6.1 | 5.5 |
The typical housing unit in Hamilton County was built around 1969. On average, 1.9 people live in a home with about 7.0 rooms, staying for about 16.0 years on average.
Hamilton County, NE Housing Compared With Nearby Counties
How Hamilton County, NE compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County, NE | 9,464 | $98,332 #2/2 | $793 #2/2 | 83.0% #1/2 |
| Hall County, NE | 62,536 | $243,292 | $942 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Nebraska.
What is the median home price in Hamilton County, Nebraska?
The median home price in Hamilton County, Nebraska is $98,332, lower than the Nebraska average of $175,282.
What is the average home price in Hamilton County, Nebraska?
The typical home price in Hamilton County, Nebraska, reported as the median sale price, is $98,332. 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 Hamilton County, Nebraska?
The median gross rent in Hamilton County, Nebraska is $793 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Nebraska was $729 per month.
What is the price-to-rent ratio in Hamilton County, Nebraska?
The price-to-rent ratio in Hamilton County, Nebraska is about 10.3, meaning it would take roughly 10.3 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 Hamilton County.
Are home prices or rent rising faster in Hamilton County, Nebraska?
Both home prices and rent are rising in Hamilton County, up about 12.1% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton County, Nebraska?
72.8% of households in Hamilton County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Hamilton County, Nebraska?
The housing vacancy rate in Hamilton County, Nebraska is 12.2%, higher than the Nebraska average of 7.6%.
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