Nance County, Nebraska Housing Market Prices
Nance 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 42% below the Nebraska median$102,273
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Median rent 25% below the Nebraska median$807
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nance County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,273 | $175,282 | $248,835 |
| Price Trend (Annual %) | 17.6% | 7.7% | 7.5% |
| Median Gross Rent | $807 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nance County is about 42% lower than in Nebraska. Rent is about 25% 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 Nance County, up about 17.6% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Nance County rose about 51.3% between 2015 and 2024, from $533 to $807. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Nance County.
Buying the median-priced home in Nance County costs roughly 10.6 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 Nance County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Nance County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,273 | $175,282 | $248,835 |
| Median Household Income | $66,554 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nance County rose about 63.6%, while median household income rose about 48.8% 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 | Nance County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 61.5% | 58.5% |
| Rental Rate | 22.7% | 30.9% | 31.2% |
| Vacancy Rate | 16.4% | 7.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Nance County has a homeownership rate of 60.9%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 16.4%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Nance County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1950 | 1974 | 1978 |
| Median Number of Rooms | 6.7 | 6.1 | 5.5 |
The typical housing unit in Nance County was built around 1950. On average, 2.4 people live in a home with about 6.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nance County, Nebraska.
What is the median home price in Nance County, Nebraska?
The median home price in Nance County, Nebraska is $102,273, lower than the Nebraska average of $175,282.
What is the average home price in Nance County, Nebraska?
The typical home price in Nance County, Nebraska, reported as the median sale price, is $102,273. 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 Nance County, Nebraska?
The median gross rent in Nance County, Nebraska is $807 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Nance County in 2020?
In 2020, the median gross rent in Nance County, Nebraska was $654 per month.
What is the price-to-rent ratio in Nance County, Nebraska?
The price-to-rent ratio in Nance County, Nebraska is about 10.6, meaning it would take roughly 10.6 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 Nance County.
Are home prices or rent rising faster in Nance County, Nebraska?
Both home prices and rent are rising in Nance County, up about 17.6% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nance County, Nebraska?
60.9% of households in Nance County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Nance County, Nebraska?
The housing vacancy rate in Nance County, Nebraska is 16.4%, higher than the Nebraska average of 7.6%.
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