Thomas County, Nebraska Housing Market Prices
Thomas 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.
-
Median home price 46% below the Nebraska median$94,166
-
Median rent 41% below the Nebraska median Cheaper than 91% of counties in Nebraska$637
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Thomas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,166 | $175,282 | $248,835 |
| Price Trend (Annual %) | 17.5% | 7.7% | 7.5% |
| Median Gross Rent | $637 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Thomas County is about 46% lower than in Nebraska. Rent is about 41% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Thomas County, up about 17.5% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Thomas County rose about 43.8% between 2015 and 2024, from $443 to $637. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Thomas County.
Buying the median-priced home in Thomas County costs roughly 12.3 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 Thomas County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Thomas County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,166 | $175,282 | $248,835 |
| Median Household Income | $63,970 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2022, the median home price in Thomas County rose about 151.1%, while median household income rose about 47.0% between 2009 and 2025 — 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 | Thomas County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 61.5% | 58.5% |
| Rental Rate | 27.2% | 30.9% | 31.2% |
| Vacancy Rate | 14.8% | 7.6% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Thomas County has a homeownership rate of 58.0%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 14.8%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Thomas County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.86 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1961 | 1974 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Thomas County was built around 1961. On average, 1.9 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 Thomas County, Nebraska.
What is the median home price in Thomas County, Nebraska?
The median home price in Thomas County, Nebraska is $94,166, lower than the Nebraska average of $175,282.
What is the average home price in Thomas County, Nebraska?
The typical home price in Thomas County, Nebraska, reported as the median sale price, is $94,166. 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 Thomas County, Nebraska?
The median gross rent in Thomas County, Nebraska is $637 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Thomas County in 2020?
In 2020, the median gross rent in Thomas County, Nebraska was $587 per month.
What is the price-to-rent ratio in Thomas County, Nebraska?
The price-to-rent ratio in Thomas County, Nebraska is about 12.3, meaning it would take roughly 12.3 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 Thomas County.
Are home prices or rent rising faster in Thomas County, Nebraska?
Both home prices and rent are rising in Thomas County, up about 17.5% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Thomas County, Nebraska?
58.0% of households in Thomas County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Thomas County, Nebraska?
The housing vacancy rate in Thomas County, Nebraska is 14.8%, higher than the Nebraska average of 7.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →