Valley County, Nebraska Housing Market Prices
Valley 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 36% below the Nebraska median$112,499
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Median rent 42% below the Nebraska median Cheaper than 92% of counties in Nebraska$625
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Valley County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,499 | $175,282 | $248,835 |
| Price Trend (Annual %) | 5.2% | 7.7% | 7.5% |
| Median Gross Rent | $625 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 1.4% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Valley County is about 36% lower than in Nebraska. Rent is about 42% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Valley County, up about 5.2% and 1.4% a year respectively. Home prices are changing faster.
Median rent in Valley County rose about 25.3% between 2015 and 2024, from $499 to $625. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Valley County.
Buying the median-priced home in Valley County costs roughly 15.0 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 Valley County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Valley County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,499 | $175,282 | $248,835 |
| Median Household Income | $62,985 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Valley County rose about 192.7%, while median household income rose about 71.7% 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 | Valley County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 61.5% | 58.5% |
| Rental Rate | 22.3% | 30.9% | 31.2% |
| Vacancy Rate | 14.8% | 7.6% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Valley County has a homeownership rate of 62.9%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 14.8%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Valley County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1960 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Valley County was built around 1960. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Valley County, Nebraska.
What is the median home price in Valley County, Nebraska?
The median home price in Valley County, Nebraska is $112,499, lower than the Nebraska average of $175,282.
What is the average home price in Valley County, Nebraska?
The typical home price in Valley County, Nebraska, reported as the median sale price, is $112,499. 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 Valley County, Nebraska?
The median gross rent in Valley County, Nebraska is $625 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Valley County in 2020?
In 2020, the median gross rent in Valley County, Nebraska was $587 per month.
What is the price-to-rent ratio in Valley County, Nebraska?
The price-to-rent ratio in Valley County, Nebraska is about 15.0, meaning it would take roughly 15.0 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 Valley County.
Are home prices or rent rising faster in Valley County, Nebraska?
Both home prices and rent are rising in Valley County, up about 5.2% and 1.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Valley County, Nebraska?
62.9% of households in Valley County, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Valley County, Nebraska?
The housing vacancy rate in Valley County, Nebraska is 14.8%, higher than the Nebraska average of 7.6%.
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