Pierce County, Nebraska Housing Market Prices
Pierce 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 54% above the Nebraska median More expensive than 92% of counties in Nebraska$270,000
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Median rent 18% below the Nebraska median More expensive than 75% of counties in Nebraska$883
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pierce County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,000 | $175,282 | $248,835 |
| Price Trend (Annual %) | 115.9% | 7.7% | 7.5% |
| Median Gross Rent | $883 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pierce County is about 54% higher than in Nebraska. Rent is about 18% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2019
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pierce County, up about 115.9% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Pierce County rose about 54.1% between 2015 and 2024, from $573 to $883. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Pierce County.
Buying the median-priced home in Pierce County costs roughly 25.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pierce County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Pierce County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,000 | $175,282 | $248,835 |
| Median Household Income | $72,928 | $76,615 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2019, the median home price in Pierce County rose about 620.0%, while median household income rose about 41.1% 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 | Pierce County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.8% | 61.5% | 58.5% |
| Rental Rate | 19.8% | 30.9% | 31.2% |
| Vacancy Rate | 9.4% | 7.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Pierce County has a homeownership rate of 70.8%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 9.4%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Pierce County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1962 | 1974 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Pierce County was built around 1962. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pierce County, Nebraska.
What is the median home price in Pierce County, Nebraska?
The median home price in Pierce County, Nebraska is $270,000, higher than the Nebraska average of $175,282.
What is the average home price in Pierce County, Nebraska?
The typical home price in Pierce County, Nebraska, reported as the median sale price, is $270,000. 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 Pierce County, Nebraska?
The median gross rent in Pierce County, Nebraska is $883 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Pierce County in 2020?
In 2020, the median gross rent in Pierce County, Nebraska was $651 per month.
What is the price-to-rent ratio in Pierce County, Nebraska?
The price-to-rent ratio in Pierce County, Nebraska is about 25.5, meaning it would take roughly 25.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pierce County.
Are home prices or rent rising faster in Pierce County, Nebraska?
Both home prices and rent are rising in Pierce County, up about 115.9% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pierce County, Nebraska?
70.8% of households in Pierce County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Pierce County, Nebraska?
The housing vacancy rate in Pierce County, Nebraska is 9.4%, higher than the Nebraska average of 7.6%.
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