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 | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $167,658 | $242,182 |
| Price Trend (Annual %) | — | 8.2% | 8.2% |
| Median Gross Rent | $653 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 0.6% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 37% lower than the Nebraska average.
Affordability
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $167,658 | $242,182 |
| Median Household Income | $65,357 | $74,987 | $78,145 |
| Price-to-Income Ratio | — | 2.2 | 3.1 |
Occupancy & Tenure
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 61.2% | 58.2% |
| Rental Rate | 20.5% | 30.8% | 31.3% |
| Vacancy Rate | 24.3% | 8.0% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
McPherson County has a homeownership rate of 55.2%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 24.3%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | McPherson County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1963 | 1973 | 1978 |
| Median Number of Rooms | 5.8 | 6.1 | 5.5 |
The typical housing unit in McPherson County was built around 1963. On average, 2.4 people live in a home with about 5.8 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 $653 per month, lower than the Nebraska average of $1,035.
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?
55.2% of households in McPherson County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in McPherson County, Nebraska?
The housing vacancy rate in McPherson County, Nebraska is 24.3%, higher than the Nebraska average of 8.0%.