Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gering area can be challenging. Home prices in Gering are now at a median cost of $161,837, lower than the Nebraska average of $188,542.
The average cost of rent is $969/mo in Gering, primarily driven by the current value of real estate in the Gering area. While nearly 36.45% of residents own their homes outright in Gering, 21.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gering is $6,050 per month. Households that rent pay about 16.02% of their income on rent here. Gering's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Terrytown, NE: less expensive homes
- Scottsbluff, NE: equally priced homes
- Melbeta, NE: equally priced homes
- Minatare, NE: equally priced homes
- Mitchell, NE: equally priced homes
- Mcgrew, NE: equally priced homes
- Stegall, NE: less expensive homes
- Morrill, NE: equally priced homes
- Moomaw Corner, NE: equally priced homes
- Lyman, NE: higher priced homes
Cities with Similar Populations
- West Vero Corridor, FL: equally priced homes
- Harahan, LA: higher priced homes
- Harpers Ferry, WV: higher priced homes
- Westmoreland, TN: equally priced homes
- West Yarmouth, MA: higher priced homes
- Hartville, OH: higher priced homes
- Harwood Heights, IL: higher priced homes
- Hastings-on-Hudson, NY: higher priced homes
- Hawthorn Woods, IL: higher priced homes
- Hamilton, AL: less expensive homes
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