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These days, finding an affordable place to live in the Nebraska area can be challenging. Home prices in Nebraska are now at a median cost of $252,353, lower than the the United States average of $419,293.
The average cost of rent is $1,159/mo in Nebraska, primarily driven by the current value of real estate in the Nebraska area. In Nebraska, 33.46% of households rent, and 41.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nebraska is $7,223 per month. Households that rent pay about 16.05% of their income on rent here. Nebraska’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
States with Similar Populations
- South Carolina: higher priced homes
- Montana: higher priced homes
- Nevada: higher priced homes
- New Jersey: higher priced homes
- New Mexico: equally priced homes
- North Dakota: equally priced homes
- Ohio: equally priced homes
- Oklahoma: less expensive homes
- Oregon: higher priced homes
- Puerto Rico: less expensive homes
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