Merrick County, Nebraska Housing Market Prices
Merrick 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 price 30% below the Nebraska median$122,916
-
Median rent 30% below the Nebraska median$749
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Merrick County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,916 | $175,282 | $248,835 |
| Price Trend (Annual %) | 73.1% | 7.7% | 7.5% |
| Median Gross Rent | $749 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Merrick County is about 30% lower than in Nebraska. Rent is about 30% 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 Merrick County, up about 73.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Merrick County rose about 28.4% between 2015 and 2024, from $583 to $749. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Merrick County.
Buying the median-priced home in Merrick County costs roughly 13.7 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 Merrick County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Merrick County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,916 | $175,282 | $248,835 |
| Median Household Income | $69,565 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Merrick County rose about 82.1%, while median household income rose about 31.8% 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 | Merrick County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 61.5% | 58.5% |
| Rental Rate | 15.9% | 30.9% | 31.2% |
| Vacancy Rate | 10.9% | 7.6% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Merrick County has a homeownership rate of 73.2%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 10.9%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Merrick County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1966 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Merrick County was built around 1966. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Merrick County, Nebraska.
What is the median home price in Merrick County, Nebraska?
The median home price in Merrick County, Nebraska is $122,916, lower than the Nebraska average of $175,282.
What is the average home price in Merrick County, Nebraska?
The typical home price in Merrick County, Nebraska, reported as the median sale price, is $122,916. 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 Merrick County, Nebraska?
The median gross rent in Merrick County, Nebraska is $749 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Merrick County in 2020?
In 2020, the median gross rent in Merrick County, Nebraska was $688 per month.
What is the price-to-rent ratio in Merrick County, Nebraska?
The price-to-rent ratio in Merrick County, Nebraska is about 13.7, meaning it would take roughly 13.7 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 Merrick County.
Are home prices or rent rising faster in Merrick County, Nebraska?
Both home prices and rent are rising in Merrick County, up about 73.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Merrick County, Nebraska?
73.2% of households in Merrick County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Merrick County, Nebraska?
The housing vacancy rate in Merrick County, Nebraska is 10.9%, 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 →