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 | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,332 | $167,658 | $242,182 |
| Price Trend (Annual %) | -2.8% | 8.2% | 8.2% |
| Median Gross Rent | $672 | $1,035 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Webster County is about 65% lower than in Nebraska. Rent is about 35% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Webster County: home prices fell about 2.8% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
Median rent in Webster County rose about 51.8% between 2015 and 2023, from $443 to $672. Over the same span, rent in Nebraska rose about 42.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Webster County.
Buying the median-priced home in Webster County costs roughly 7.2 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 Webster County. The price-to-rent ratio in Nebraska is about 13.5.
| Metric | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,332 | $167,658 | $242,182 |
| Median Household Income | $65,766 | $74,987 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Webster County rose about 21.5%, while median household income rose about 80.0% 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 | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 61.2% | 58.2% |
| Rental Rate | 15.9% | 30.8% | 31.3% |
| Vacancy Rate | 14.9% | 8.0% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Webster County has a homeownership rate of 69.2%, higher than the Nebraska average of 61.2%. Its housing vacancy rate is 14.9%, compared with 8.0% in Nebraska.
Housing Stock
| Metric | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1950 | 1973 | 1978 |
| Median Number of Rooms | 6.7 | 6.1 | 5.5 |
The typical housing unit in Webster County was built around 1950. On average, 2.2 people live in a home with about 6.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Webster County, Nebraska.
What is the median home price in Webster County, Nebraska?
The median home price in Webster County, Nebraska is $58,332, lower than the Nebraska average of $167,658.
What is the average home price in Webster 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 Webster County, Nebraska?
The median gross rent in Webster County, Nebraska is $672 per month, lower than the Nebraska average of $1,035.
What was the median gross rent in Webster County in 2020?
In 2020, the median gross rent in Webster County, Nebraska was $536 per month.
What is the price-to-rent ratio in Webster County, Nebraska?
The price-to-rent ratio in Webster County, Nebraska is about 7.2, meaning it would take roughly 7.2 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 Webster County.
Are home prices or rent rising faster in Webster County, Nebraska?
Home prices and rent are moving in opposite directions in Webster County: home prices fell about 2.8% a year while rent rose about 6.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Webster County, Nebraska?
69.2% of households in Webster County, Nebraska own their home, higher than the Nebraska average of 61.2%.
What is the vacancy rate in Webster County, Nebraska?
The housing vacancy rate in Webster County, Nebraska is 14.9%, higher than the Nebraska average of 8.0%.