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 | Seward County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,999 | $167,658 | $242,182 |
| Price Trend (Annual %) | 1.6% | 8.2% | 8.2% |
| Median Gross Rent | $969 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Seward County is about 11% lower than in Nebraska. Rent is about 6% 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 Seward County, up about 1.6% and 4.6% a year respectively. Rent is changing faster.
Median rent in Seward County rose about 44.8% between 2015 and 2023, from $669 to $969. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Seward County.
Buying the median-priced home in Seward County costs roughly 12.9 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 Seward County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Seward County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,999 | $167,658 | $242,182 |
| Median Household Income | $83,022 | $74,987 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Seward County rose about 16.2%, while median household income rose about 52.0% 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 | Seward County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 61.2% | 58.2% |
| Rental Rate | 26.0% | 30.8% | 31.3% |
| Vacancy Rate | 6.9% | 8.0% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Seward County has a homeownership rate of 67.1%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 6.9%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Seward County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1969 | 1973 | 1978 |
| Median Number of Rooms | 6.5 | 6.1 | 5.5 |
The typical housing unit in Seward County was built around 1969. On average, 2.5 people live in a home with about 6.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Seward County, Nebraska.
What is the median home price in Seward County, Nebraska?
The median home price in Seward County, Nebraska is $149,999, lower than the Nebraska average of $167,658.
What is the average home price in Seward 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 Seward County, Nebraska?
The median gross rent in Seward County, Nebraska is $969 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Seward County in 2020?
In 2020, the median gross rent in Seward County, Nebraska was $777 per month.
What is the price-to-rent ratio in Seward County, Nebraska?
The price-to-rent ratio in Seward County, Nebraska is about 12.9, meaning it would take roughly 12.9 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 Seward County.
Are home prices or rent rising faster in Seward County, Nebraska?
Both home prices and rent are rising in Seward County, up about 1.6% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Seward County, Nebraska?
67.1% of households in Seward County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Seward County, Nebraska?
The housing vacancy rate in Seward County, Nebraska is 6.9%, lower than the Nebraska average of 8.0%.