Knox County, Nebraska Housing Market Prices
Knox 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 1% above the Nebraska median More expensive than 77% of counties in Nebraska$177,500
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Median rent 40% below the Nebraska median Cheaper than 87% of counties in Nebraska$646
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knox County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,500 | $175,282 | $248,835 |
| Price Trend (Annual %) | 30.9% | 7.7% | 7.5% |
| Median Gross Rent | $646 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knox County is about 1% higher than in Nebraska. Rent is about 40% 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 Knox County, up about 30.9% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Knox County rose about 29.0% between 2015 and 2024, from $501 to $646. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Knox County.
Buying the median-priced home in Knox County costs roughly 22.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Knox County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Knox County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,500 | $175,282 | $248,835 |
| Median Household Income | $65,580 | $76,615 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Knox County rose about 166.3%, while median household income rose about 74.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Knox County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.4% | 61.5% | 58.5% |
| Rental Rate | 16.3% | 30.9% | 31.2% |
| Vacancy Rate | 24.3% | 7.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Knox County has a homeownership rate of 59.4%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 24.3%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Knox County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1965 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Knox County was built around 1965. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Knox County, Nebraska.
What is the median home price in Knox County, Nebraska?
The median home price in Knox County, Nebraska is $177,500, higher than the Nebraska average of $175,282.
What is the average home price in Knox County, Nebraska?
The typical home price in Knox County, Nebraska, reported as the median sale price, is $177,500. 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 Knox County, Nebraska?
The median gross rent in Knox County, Nebraska is $646 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Knox County in 2020?
In 2020, the median gross rent in Knox County, Nebraska was $499 per month.
What is the price-to-rent ratio in Knox County, Nebraska?
The price-to-rent ratio in Knox County, Nebraska is about 22.9, meaning it would take roughly 22.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Knox County.
Are home prices or rent rising faster in Knox County, Nebraska?
Both home prices and rent are rising in Knox County, up about 30.9% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Knox County, Nebraska?
59.4% of households in Knox County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Knox County, Nebraska?
The housing vacancy rate in Knox County, Nebraska is 24.3%, higher than the Nebraska average of 7.6%.
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