Richardson County, Nebraska Housing Market Prices
Richardson 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 70% below the Nebraska median Cheaper than 73% of counties in Nebraska$52,916
-
Median rent 36% below the Nebraska median Cheaper than 76% of counties in Nebraska$691
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richardson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,916 | $175,282 | $248,835 |
| Price Trend (Annual %) | 81.6% | 7.7% | 7.5% |
| Median Gross Rent | $691 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richardson County is about 70% lower than in Nebraska. Rent is about 36% 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 Richardson County, up about 81.6% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Richardson County rose about 47.7% between 2015 and 2024, from $468 to $691. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Richardson County.
Buying the median-priced home in Richardson County costs roughly 6.4 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 Richardson County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Richardson County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,916 | $175,282 | $248,835 |
| Median Household Income | $60,145 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richardson County rose about 300.8%, while median household income rose about 34.5% 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 | Richardson County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.5% | 61.5% | 58.5% |
| Rental Rate | 19.8% | 30.9% | 31.2% |
| Vacancy Rate | 12.7% | 7.6% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Richardson County has a homeownership rate of 67.5%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 12.7%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Richardson County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1951 | 1974 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Richardson County was built around 1951. On average, 2.1 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Richardson County, Nebraska.
What is the median home price in Richardson County, Nebraska?
The median home price in Richardson County, Nebraska is $52,916, lower than the Nebraska average of $175,282.
What is the average home price in Richardson County, Nebraska?
The typical home price in Richardson County, Nebraska, reported as the median sale price, is $52,916. 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 Richardson County, Nebraska?
The median gross rent in Richardson County, Nebraska is $691 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Richardson County in 2020?
In 2020, the median gross rent in Richardson County, Nebraska was $649 per month.
What is the price-to-rent ratio in Richardson County, Nebraska?
The price-to-rent ratio in Richardson County, Nebraska is about 6.4, meaning it would take roughly 6.4 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 Richardson County.
Are home prices or rent rising faster in Richardson County, Nebraska?
Both home prices and rent are rising in Richardson County, up about 81.6% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Richardson County, Nebraska?
67.5% of households in Richardson County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Richardson County, Nebraska?
The housing vacancy rate in Richardson County, Nebraska is 12.7%, 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 →