Keya Paha County, Nebraska Housing Market Prices
Keya Paha 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 33% below the Nebraska median$118,054
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Median rent 18% below the Nebraska median More expensive than 71% of counties in Nebraska$874
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Keya Paha County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,054 | $175,282 | $248,835 |
| Price Trend (Annual %) | 4.9% | 7.7% | 7.5% |
| Median Gross Rent | $874 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Keya Paha County is about 33% lower than in Nebraska. Rent is about 18% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2017
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Keya Paha County, up about 4.9% and 6.4% a year respectively. Rent is changing faster.
Median rent in Keya Paha County rose about 43.6% between 2015 and 2024, from $609 to $874. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Keya Paha County.
Buying the median-priced home in Keya Paha County costs roughly 11.3 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 Keya Paha County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Keya Paha County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,054 | $175,282 | $248,835 |
| Median Household Income | $65,000 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2017, the median home price in Keya Paha County rose about 3.7%, while median household income rose about 72.0% 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 | Keya Paha County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.9% | 61.5% | 58.5% |
| Rental Rate | 11.9% | 30.9% | 31.2% |
| Vacancy Rate | 38.2% | 7.6% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Keya Paha County has a homeownership rate of 49.9%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 38.2%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Keya Paha County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1963 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 6.1 | 5.5 |
The typical housing unit in Keya Paha County was built around 1963. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Keya Paha County, Nebraska.
What is the median home price in Keya Paha County, Nebraska?
The median home price in Keya Paha County, Nebraska is $118,054, lower than the Nebraska average of $175,282.
What is the average home price in Keya Paha County, Nebraska?
The typical home price in Keya Paha County, Nebraska, reported as the median sale price, is $118,054. 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 Keya Paha County, Nebraska?
The median gross rent in Keya Paha County, Nebraska is $874 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Keya Paha County in 2020?
In 2020, the median gross rent in Keya Paha County, Nebraska was $785 per month.
What is the price-to-rent ratio in Keya Paha County, Nebraska?
The price-to-rent ratio in Keya Paha County, Nebraska is about 11.3, meaning it would take roughly 11.3 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 Keya Paha County.
Are home prices or rent rising faster in Keya Paha County, Nebraska?
Both home prices and rent are rising in Keya Paha County, up about 4.9% and 6.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Keya Paha County, Nebraska?
49.9% of households in Keya Paha County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Keya Paha County, Nebraska?
The housing vacancy rate in Keya Paha County, Nebraska is 38.2%, higher than the Nebraska average of 7.6%.
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