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 | Sioux County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,495 | $167,658 | $242,182 |
| Price Trend (Annual %) | 0.0% | 8.2% | 8.2% |
| Median Gross Rent | $742 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 3.0% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sioux County is about 3% lower than in Nebraska. Rent is about 28% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2020
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sioux County, up about 0.0% and 3.0% a year respectively. Rent is changing faster.
Median rent in Sioux County rose about 19.2% between 2015 and 2023, from $623 to $742. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Sioux County.
Buying the median-priced home in Sioux County costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sioux County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Sioux County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,495 | $167,658 | $242,182 |
| Median Household Income | $57,409 | $74,987 | $78,145 |
| Price-to-Income Ratio | 2.8 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2020, the median home price in Sioux County rose about 0.0%, while median household income rose about 33.1% 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 | Sioux County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.8% | 61.2% | 58.2% |
| Rental Rate | 29.2% | 30.8% | 31.3% |
| Vacancy Rate | 33.0% | 8.0% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Sioux County has a homeownership rate of 37.8%, lower than the Nebraska average of 61.2%. Its housing vacancy rate is 33.0%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Sioux County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1965 | 1973 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Sioux County was built around 1965. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sioux County, Nebraska.
What is the median home price in Sioux County, Nebraska?
The median home price in Sioux County, Nebraska is $162,495, lower than the Nebraska average of $167,658.
What is the average home price in Sioux 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 Sioux County, Nebraska?
The median gross rent in Sioux County, Nebraska is $742 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Sioux County in 2020?
In 2020, the median gross rent in Sioux County, Nebraska was $578 per month.
What is the price-to-rent ratio in Sioux County, Nebraska?
The price-to-rent ratio in Sioux County, Nebraska is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sioux County.
Are home prices or rent rising faster in Sioux County, Nebraska?
Both home prices and rent are rising in Sioux County, up about 0.0% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Sioux County, Nebraska?
37.8% of households in Sioux County, Nebraska own their home, lower than the Nebraska average of 61.2%.
What is the vacancy rate in Sioux County, Nebraska?
The housing vacancy rate in Sioux County, Nebraska is 33.0%, higher than the Nebraska average of 8.0%.