Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Harlan County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,845 | $167,658 | $242,182 |
| Price Trend (Annual %) | 4.3% | 8.2% | 8.2% |
| Median Gross Rent | $708 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harlan County is about 89% lower than in Nebraska. Rent is about 32% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Harlan County, up about 4.3% and 4.3% a year respectively. Rent is changing faster.
Median rent in Harlan County rose about 28.2% between 2015 and 2023, from $553 to $708. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Harlan County.
Buying the median-priced home in Harlan County costs roughly 2.2 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 Harlan County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Harlan County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,845 | $167,658 | $242,182 |
| Median Household Income | $69,374 | $74,987 | $78,145 |
| Price-to-Income Ratio | 0.3 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Harlan County fell about 64.1%, while median household income rose about 76.0% between 2009 and 2023 — 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 | Harlan County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.9% | 61.2% | 58.2% |
| Rental Rate | 9.6% | 30.8% | 31.3% |
| Vacancy Rate | 36.5% | 8.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Harlan County has a homeownership rate of 53.9%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 36.5%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Harlan County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1960 | 1973 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Harlan County was built around 1960. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harlan County, Nebraska.
What is the median home price in Harlan County, Nebraska?
The median home price in Harlan County, Nebraska is $18,845, lower than the Nebraska average of $167,658.
What is the average home price in Harlan County, Nebraska?
The typical home price in %s, reported as the median sale price, is %s. 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 Harlan County, Nebraska?
The median gross rent in Harlan County, Nebraska is $708 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Harlan County in 2020?
In 2020, the median gross rent in Harlan County, Nebraska was $677 per month.
What is the price-to-rent ratio in Harlan County, Nebraska?
The price-to-rent ratio in Harlan County, Nebraska is about 2.2, meaning it would take roughly 2.2 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 Harlan County.
Are home prices or rent rising faster in Harlan County, Nebraska?
Both home prices and rent are rising in Harlan County, up about 4.3% and 4.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Harlan County, Nebraska?
53.9% of households in Harlan County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Harlan County, Nebraska?
The housing vacancy rate in Harlan County, Nebraska is 36.5%, higher than the Nebraska average of 8.0%.