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These days, finding an affordable place to live in the Ericson area can be challenging. Home prices in Ericson are now at a median cost of $177,585, lower than the Nebraska average of $252,353.
The average cost of rent is $715/mo in Ericson, primarily driven by the current value of real estate in the Ericson area. In Ericson, 22.36% of households rent, and 69.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ericson is $5,966 per month. Households that rent pay about 11.99% of their income on rent here. Ericson’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bartlett, NE: less expensive homes
- Elyria, NE: higher priced homes
- Ord, NE: less expensive homes
- Greeley, NE: less expensive homes
- Spalding, NE: less expensive homes
- Greeley Center, NE: less expensive homes
- Scotia, NE: less expensive homes
- North Loup, NE: equally priced homes
- Burwell, NE: higher priced homes
- Primrose, NE: equally priced homes
Cities with Similar Populations
- Biardstown, TX: higher priced homes
- Wolco, OK: higher priced homes
- Stratford, SD: higher priced homes
- Blodgett Mills, NY: equally priced homes
- Womac, IL: equally priced homes
- Wood, NC: less expensive homes
- Bigbee, AL: higher priced homes
- Big Flat, AR: less expensive homes
- Biehle, MO: higher priced homes
- Wilno, MN: less expensive homes
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