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 | Saunders County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,048 | $167,658 | $242,182 |
| Price Trend (Annual %) | 28.9% | 8.2% | 8.2% |
| Median Gross Rent | $929 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saunders County is about 36% higher than in Nebraska. Rent is about 10% lower 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 Saunders County, up about 28.9% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Saunders County rose about 27.5% between 2015 and 2023, from $729 to $929. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Saunders County.
Buying the median-priced home in Saunders County costs roughly 20.4 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 Saunders County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Saunders County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,048 | $167,658 | $242,182 |
| Median Household Income | $92,688 | $74,987 | $78,145 |
| Price-to-Income Ratio | 2.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Saunders County rose about 129.8%, while median household income rose about 62.4% between 2009 and 2023 — 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 | Saunders County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 61.2% | 58.2% |
| Rental Rate | 15.9% | 30.8% | 31.3% |
| Vacancy Rate | 13.1% | 8.0% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Saunders County has a homeownership rate of 70.9%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 13.1%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Saunders County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1969 | 1973 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Saunders County was built around 1969. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Saunders County, Nebraska.
What is the median home price in Saunders County, Nebraska?
The median home price in Saunders County, Nebraska is $228,048, higher than the Nebraska average of $167,658.
What is the average home price in Saunders 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 Saunders County, Nebraska?
The median gross rent in Saunders County, Nebraska is $929 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Saunders County in 2020?
In 2020, the median gross rent in Saunders County, Nebraska was $762 per month.
What is the price-to-rent ratio in Saunders County, Nebraska?
The price-to-rent ratio in Saunders County, Nebraska is about 20.4, meaning it would take roughly 20.4 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 Saunders County.
Are home prices or rent rising faster in Saunders County, Nebraska?
Both home prices and rent are rising in Saunders County, up about 28.9% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saunders County, Nebraska?
70.9% of households in Saunders County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Saunders County, Nebraska?
The housing vacancy rate in Saunders County, Nebraska is 13.1%, higher than the Nebraska average of 8.0%.