Thayer County, Nebraska Housing Market Prices
Thayer County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 86% below the Nebraska median Cheaper than 83% of counties in Nebraska$25,312
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Median rent 29% below the Nebraska median$765
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Thayer County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $25,312 | $175,282 | $248,835 |
| Price Trend (Annual %) | -7.7% | 7.7% | 7.5% |
| Median Gross Rent | $765 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Thayer County is about 86% lower than in Nebraska. Rent is about 29% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Thayer County: home prices fell about 7.7% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in Thayer County rose about 62.1% between 2015 and 2024, from $472 to $765. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Thayer County.
Buying the median-priced home in Thayer County costs roughly 2.8 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 Thayer County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Thayer County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $25,312 | $175,282 | $248,835 |
| Median Household Income | $67,657 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Thayer County rose about 10.7%, while median household income rose about 68.9% between 2009 and 2025 — 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 | Thayer County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.5% | 58.5% |
| Rental Rate | 18.8% | 30.9% | 31.2% |
| Vacancy Rate | 16.4% | 7.6% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Thayer County has a homeownership rate of 64.8%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 16.4%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Thayer County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1955 | 1974 | 1978 |
| Median Number of Rooms | 6.8 | 6.1 | 5.5 |
The typical housing unit in Thayer County was built around 1955. On average, 2.3 people live in a home with about 6.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Thayer County, Nebraska.
What is the median home price in Thayer County, Nebraska?
The median home price in Thayer County, Nebraska is $25,312, lower than the Nebraska average of $175,282.
What is the average home price in Thayer County, Nebraska?
The typical home price in Thayer County, Nebraska, reported as the median sale price, is $25,312. 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 Thayer County, Nebraska?
The median gross rent in Thayer County, Nebraska is $765 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Thayer County in 2020?
In 2020, the median gross rent in Thayer County, Nebraska was $611 per month.
What is the price-to-rent ratio in Thayer County, Nebraska?
The price-to-rent ratio in Thayer County, Nebraska is about 2.8, meaning it would take roughly 2.8 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 Thayer County.
Are home prices or rent rising faster in Thayer County, Nebraska?
Home prices and rent are moving in opposite directions in Thayer County: home prices fell about 7.7% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Thayer County, Nebraska?
64.8% of households in Thayer County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Thayer County, Nebraska?
The housing vacancy rate in Thayer County, Nebraska is 16.4%, higher than the Nebraska average of 7.6%.
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