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 | Sarpy County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,871 | $167,658 | $242,182 |
| Price Trend (Annual %) | 6.9% | 8.2% | 8.2% |
| Median Gross Rent | $1,284 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sarpy County is about 35% higher than in Nebraska. Rent is about 24% higher than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sarpy County, up about 6.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Sarpy County rose about 48.1% between 2015 and 2023, from $867 to $1,284. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Sarpy County.
Buying the median-priced home in Sarpy County costs roughly 14.7 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 Sarpy County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Sarpy County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,871 | $167,658 | $242,182 |
| Median Household Income | $101,625 | $74,987 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sarpy County rose about 37.7%, while median household income rose about 55.9% 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 | Sarpy County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 61.2% | 58.2% |
| Rental Rate | 28.4% | 30.8% | 31.3% |
| Vacancy Rate | 3.5% | 8.0% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Sarpy County has a homeownership rate of 68.1%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 3.5%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Sarpy County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1984 | 1973 | 1978 |
| Median Number of Rooms | 6.5 | 6.1 | 5.5 |
The typical housing unit in Sarpy County was built around 1984. On average, 2.7 people live in a home with about 6.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sarpy County, Nebraska.
What is the median home price in Sarpy County, Nebraska?
The median home price in Sarpy County, Nebraska is $226,871, higher than the Nebraska average of $167,658.
What is the average home price in Sarpy 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 Sarpy County, Nebraska?
The median gross rent in Sarpy County, Nebraska is $1,284 per month, higher than the Nebraska average of $1,035.
What was the median gross rent in Sarpy County in 2020?
In 2020, the median gross rent in Sarpy County, Nebraska was $1,050 per month.
What is the price-to-rent ratio in Sarpy County, Nebraska?
The price-to-rent ratio in Sarpy County, Nebraska is about 14.7, meaning it would take roughly 14.7 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 Sarpy County.
Are home prices or rent rising faster in Sarpy County, Nebraska?
Both home prices and rent are rising in Sarpy County, up about 6.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sarpy County, Nebraska?
68.1% of households in Sarpy County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Sarpy County, Nebraska?
The housing vacancy rate in Sarpy County, Nebraska is 3.5%, lower than the Nebraska average of 8.0%.