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 | Scotts Bluff County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,999 | $167,658 | $242,182 |
| Price Trend (Annual %) | 7.1% | 8.2% | 8.2% |
| Median Gross Rent | $888 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scotts Bluff County is about 11% lower than in Nebraska. Rent is about 14% 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 Scotts Bluff County, up about 7.1% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Scotts Bluff County rose about 30.1% between 2015 and 2023, from $682 to $888. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Scotts Bluff County.
Buying the median-priced home in Scotts Bluff County costs roughly 14.1 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 Scotts Bluff County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Scotts Bluff County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,999 | $167,658 | $242,182 |
| Median Household Income | $60,890 | $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 Scotts Bluff County fell about 3.9%, while median household income rose about 60.3% 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 | Scotts Bluff County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 61.2% | 58.2% |
| Rental Rate | 29.0% | 30.8% | 31.3% |
| Vacancy Rate | 8.4% | 8.0% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Scotts Bluff County has a homeownership rate of 62.6%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 8.4%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Scotts Bluff County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1967 | 1973 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Scotts Bluff County was built around 1967. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Scotts Bluff County, Nebraska.
What is the median home price in Scotts Bluff County, Nebraska?
The median home price in Scotts Bluff County, Nebraska is $149,999, lower than the Nebraska average of $167,658.
What is the average home price in Scotts Bluff 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 Scotts Bluff County, Nebraska?
The median gross rent in Scotts Bluff County, Nebraska is $888 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Scotts Bluff County in 2020?
In 2020, the median gross rent in Scotts Bluff County, Nebraska was $805 per month.
What is the price-to-rent ratio in Scotts Bluff County, Nebraska?
The price-to-rent ratio in Scotts Bluff County, Nebraska is about 14.1, meaning it would take roughly 14.1 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 Scotts Bluff County.
Are home prices or rent rising faster in Scotts Bluff County, Nebraska?
Both home prices and rent are rising in Scotts Bluff County, up about 7.1% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scotts Bluff County, Nebraska?
62.6% of households in Scotts Bluff County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Scotts Bluff County, Nebraska?
The housing vacancy rate in Scotts Bluff County, Nebraska is 8.4%, higher than the Nebraska average of 8.0%.