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 | Nuckolls County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,999 | $167,658 | $242,182 |
| Price Trend (Annual %) | -3.4% | 8.2% | 8.2% |
| Median Gross Rent | $616 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nuckolls County is about 61% lower than in Nebraska. Rent is about 41% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Nuckolls County: home prices fell about 3.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Nuckolls County rose about 23.0% between 2015 and 2023, from $501 to $616. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Nuckolls County.
Buying the median-priced home in Nuckolls County costs roughly 8.8 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 Nuckolls County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Nuckolls County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,999 | $167,658 | $242,182 |
| Median Household Income | $70,239 | $74,987 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Nuckolls County fell about 27.8%, while median household income rose about 117.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nuckolls County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 61.2% | 58.2% |
| Rental Rate | 15.2% | 30.8% | 31.3% |
| Vacancy Rate | 18.0% | 8.0% | 10.6% |
| Median Tenure (years) | 23.0 | 14.0 | 15.0 |
| Median Year Moved In | 2003 | 2012 | 2011 |
Nuckolls County has a homeownership rate of 66.8%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 18.0%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Nuckolls County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1952 | 1973 | 1978 |
| Median Number of Rooms | 6.8 | 6.1 | 5.5 |
The typical housing unit in Nuckolls County was built around 1952. On average, 2.2 people live in a home with about 6.8 rooms, staying for about 23.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nuckolls County, Nebraska.
What is the median home price in Nuckolls County, Nebraska?
The median home price in Nuckolls County, Nebraska is $64,999, lower than the Nebraska average of $167,658.
What is the average home price in Nuckolls County, Nebraska?
The typical home price in %s, reported as the median sale price, is %s. 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 Nuckolls County, Nebraska?
The median gross rent in Nuckolls County, Nebraska is $616 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Nuckolls County in 2020?
In 2020, the median gross rent in Nuckolls County, Nebraska was $518 per month.
What is the price-to-rent ratio in Nuckolls County, Nebraska?
The price-to-rent ratio in Nuckolls County, Nebraska is about 8.8, meaning it would take roughly 8.8 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 Nuckolls County.
Are home prices or rent rising faster in Nuckolls County, Nebraska?
Home prices and rent are moving in opposite directions in Nuckolls County: home prices fell about 3.4% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Nuckolls County, Nebraska?
66.8% of households in Nuckolls County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Nuckolls County, Nebraska?
The housing vacancy rate in Nuckolls County, Nebraska is 18.0%, higher than the Nebraska average of 8.0%.