Otoe County, Nebraska Housing Market Prices
Otoe 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 90% below the Nebraska median Cheaper than 92% of counties in Nebraska$16,805
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Median rent 15% below the Nebraska median More expensive than 83% of counties in Nebraska$914
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,805 | $175,282 | $248,835 |
| Price Trend (Annual %) | -1.2% | 7.7% | 7.5% |
| Median Gross Rent | $914 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Otoe County is about 90% lower than in Nebraska. Rent is about 15% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Otoe County: home prices fell about 1.2% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Otoe County rose about 42.5% between 2015 and 2024, from $641 to $914. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Otoe County.
Buying the median-priced home in Otoe County costs roughly 1.5 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 Otoe County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,805 | $175,282 | $248,835 |
| Median Household Income | $81,749 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Otoe County fell about 76.2%, while median household income rose about 58.9% between 2009 and 2025 — 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 | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.0% | 61.5% | 58.5% |
| Rental Rate | 16.2% | 30.9% | 31.2% |
| Vacancy Rate | 8.8% | 7.6% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Otoe County has a homeownership rate of 75.0%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 8.8%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1972 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.1 | 5.5 |
The typical housing unit in Otoe County was built around 1972. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Otoe County, NE Housing Compared With Nearby Counties
How Otoe County, NE compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Otoe County, NE | 16,241 | $16,805 #2/2 | $914 #2/2 | 82.3% #1/2 |
| Sarpy County, NE | 197,392 | $224,218 | $1,334 | 70.4% |
Frequently Asked Questions
Common questions about the housing market in Otoe County, Nebraska.
What is the median home price in Otoe County, Nebraska?
The median home price in Otoe County, Nebraska is $16,805, lower than the Nebraska average of $175,282.
What is the average home price in Otoe County, Nebraska?
The typical home price in Otoe County, Nebraska, reported as the median sale price, is $16,805. 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 Otoe County, Nebraska?
The median gross rent in Otoe County, Nebraska is $914 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Otoe County in 2020?
In 2020, the median gross rent in Otoe County, Nebraska was $745 per month.
What is the price-to-rent ratio in Otoe County, Nebraska?
The price-to-rent ratio in Otoe County, Nebraska is about 1.5, meaning it would take roughly 1.5 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 Otoe County.
Are home prices or rent rising faster in Otoe County, Nebraska?
Home prices and rent are moving in opposite directions in Otoe County: home prices fell about 1.2% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Otoe County, Nebraska?
75.0% of households in Otoe County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Otoe County, Nebraska?
The housing vacancy rate in Otoe County, Nebraska is 8.8%, higher than the Nebraska average of 7.6%.
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