Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Grand Island area can be challenging. Home prices in Grand Island are now at a median cost of $230,320, lower than the Nebraska average of $252,353.
The average cost of rent is $1,005/mo in Grand Island, primarily driven by the current value of real estate in the Grand Island area. In Grand Island, 39.91% of households rent, and 43.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Island is $5,886 per month. Households that rent pay about 17.07% of their income on rent here. Grand Island’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Parkview, NE: equally priced homes
- Alda, NE: equally priced homes
- Phillips, NE: higher priced homes
- Doniphan, NE: equally priced homes
- Chapman, NE: equally priced homes
- St. Libory, NE: equally priced homes
- Cairo, NE: equally priced homes
- Worms, NE: equally priced homes
- Wood River, NE: less expensive homes
- Giltner, NE: equally priced homes
Cities with Similar Populations
- Yucaipa, CA: higher priced homes
- Richmond, KY: higher priced homes
- Roswell, NM: less expensive homes
- San Jacinto, CA: higher priced homes
- Statesboro, GA: equally priced homes
- Waxahachie, TX: higher priced homes
- Westfield, IN: higher priced homes
- Wilson, NC: less expensive homes
- Herriman, UT: higher priced homes
- Goshen, IN: equally priced homes
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