
Affordable
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These days, finding an affordable place to live in the Berea area can be challenging. Home prices in Berea are now at a median cost of $176,397, lower than the Nebraska average of $252,353.
The average cost of rent is $980/mo in Berea, primarily driven by the current value of real estate in the Berea area. In Berea, 30.89% of households rent, and 57.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Berea is $5,898 per month. Households that rent pay about 16.61% of their income on rent here. Berea’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alliance, NE: equally priced homes
- Hemingford, NE: less expensive homes
- Angora, NE: less expensive homes
- Lakeside, NE: less expensive homes
- Marsland, NE: equally priced homes
- Moomaw Corner, NE: higher priced homes
- Hay Springs, NE: less expensive homes
- Northport, NE: less expensive homes
- Bayard, NE: less expensive homes
- Minatare, NE: higher priced homes
Cities with Similar Populations
- Red Oak, MI: less expensive homes
- Bronaugh, MO: less expensive homes
- West Tisbury, MA: higher priced homes
- Bronson, KS: less expensive homes
- West Leyden, NY: equally priced homes
- Lexington, OR: higher priced homes
- St. Francis, ME: less expensive homes
- Sterling, PA: higher priced homes
- Whiting, MO: equally priced homes
- Oletha, TX: higher priced homes
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