Lancaster County, Nebraska Housing Market Prices
Lancaster 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 76% above the Nebraska median Among the 5 most expensive counties in Nebraska$308,582
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Median rent 1% above the Nebraska median Among the 3 most expensive counties in Nebraska$1,084
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lancaster County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,582 | $175,282 | $248,835 |
| Price Trend (Annual %) | 13.6% | 7.7% | 7.5% |
| Median Gross Rent | $1,084 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lancaster County is about 76% higher than in Nebraska. Rent is about 1% higher 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 Lancaster County, up about 13.6% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Lancaster County rose about 48.9% between 2015 and 2024, from $728 to $1,084. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Lancaster County.
Buying the median-priced home in Lancaster County costs roughly 23.7 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 Lancaster County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Lancaster County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $308,582 | $175,282 | $248,835 |
| Median Household Income | $74,791 | $76,615 | $80,455 |
| Price-to-Income Ratio | 4.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lancaster County rose about 174.8%, while median household income rose about 44.8% 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 | Lancaster County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 61.5% | 58.5% |
| Rental Rate | 39.2% | 30.9% | 31.2% |
| Vacancy Rate | 4.4% | 7.6% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Lancaster County has a homeownership rate of 56.3%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 4.4%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Lancaster County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1981 | 1974 | 1978 |
| Median Number of Rooms | 5.8 | 6.1 | 5.5 |
The typical housing unit in Lancaster County was built around 1981. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Lancaster County, NE Housing Compared With Nearby Counties
How Lancaster County, NE compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lancaster County, NE | 326,713 | $308,582 #2/3 | $1,084 #1/3 | 58.9% #3/3 |
| Saunders County, NE | 23,048 | $200,000 | $960 | 82.1% |
| Gage County, NE | 21,629 | $313,235 | $774 | 73.5% |
Frequently Asked Questions
Common questions about the housing market in Lancaster County, Nebraska.
What is the median home price in Lancaster County, Nebraska?
The median home price in Lancaster County, Nebraska is $308,582, higher than the Nebraska average of $175,282.
What is the average home price in Lancaster County, Nebraska?
The typical home price in Lancaster County, Nebraska, reported as the median sale price, is $308,582. 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 Lancaster County, Nebraska?
The median gross rent in Lancaster County, Nebraska is $1,084 per month, higher than the Nebraska average of $1,071.
What was the median gross rent in Lancaster County in 2020?
In 2020, the median gross rent in Lancaster County, Nebraska was $872 per month.
What is the price-to-rent ratio in Lancaster County, Nebraska?
The price-to-rent ratio in Lancaster County, Nebraska is about 23.7, meaning it would take roughly 23.7 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 Lancaster County.
Are home prices or rent rising faster in Lancaster County, Nebraska?
Both home prices and rent are rising in Lancaster County, up about 13.6% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lancaster County, Nebraska?
56.3% of households in Lancaster County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Lancaster County, Nebraska?
The housing vacancy rate in Lancaster County, Nebraska is 4.4%, lower than the Nebraska average of 7.6%.
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