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Affordable
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These days, finding an affordable place to live in the Nelson area can be challenging. Home prices in Nelson are now at a median cost of $94,668, lower than the Nebraska average of $252,353.
The average cost of rent is $549/mo in Nelson, primarily driven by the current value of real estate in the Nelson area. In Nelson, 15.89% of households rent, and 61.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nelson is $4,994 per month. Households that rent pay about 10.99% of their income on rent here. Nelson’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
- Nora, NE: equally priced homes
- Cadams, NE: higher priced homes
- Mount Clare, NE: higher priced homes
- Oak, NE: equally priced homes
- St. Stephens, NE: higher priced homes
- Ruskin, NE: equally priced homes
- Sedan, NE: higher priced homes
- Deweese, NE: higher priced homes
- Lawrence, NE: higher priced homes
- Edgar, NE: higher priced homes
Cities with Similar Populations
- Catarrh, SC: higher priced homes
- Clodine, TX: higher priced homes
- Clermont, KY: higher priced homes
- Clayton, OK: higher priced homes
- Churdan, IA: higher priced homes
- Chillicothe, TX: less expensive homes
- Chicora, MI: higher priced homes
- Chattanooga, OK: higher priced homes
- Charter Oak, IA: equally priced homes
- Chappells, SC: higher priced homes
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