McPherson County, Nebraska Housing Market Prices
McPherson 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.
-
Median home priceN/A
-
Median rent 45% below the Nebraska median Among the top 5 cheapest counties in Nebraska$588
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $175,282 | $248,835 |
| Price Trend (Annual %) | — | 7.7% | 7.5% |
| Median Gross Rent | $588 | $1,071 | $1,407 |
| Rent Trend (Annual %) | -0.7% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 45% lower than the Nebraska average.
Affordability
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $175,282 | $248,835 |
| Median Household Income | $54,736 | $76,615 | $80,455 |
| Price-to-Income Ratio | — | 2.3 | 3.1 |
Occupancy & Tenure
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.5% | 61.5% | 58.5% |
| Rental Rate | 27.6% | 30.9% | 31.2% |
| Vacancy Rate | 20.9% | 7.6% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
McPherson County has a homeownership rate of 51.5%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 20.9%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1961 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in McPherson County was built around 1961. On average, 2.2 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McPherson County, Nebraska.
What is the median rent in McPherson County, Nebraska?
The median gross rent in McPherson County, Nebraska is $588 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in McPherson County in 2020?
In 2020, the median gross rent in McPherson County, Nebraska was $575 per month.
What is the homeownership rate in McPherson County, Nebraska?
51.5% of households in McPherson County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in McPherson County, Nebraska?
The housing vacancy rate in McPherson County, Nebraska is 20.9%, higher than the Nebraska average of 7.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →