The Most Affordable Neighborhoods in Spalding, NE by Home Value

These days, finding an affordable place to live in the Spalding area can be challenging. Home prices in Spalding are now at a median cost of $124,057, lower than the Nebraska average of $252,353.

The average cost of rent is $690/mo in Spalding, primarily driven by the current value of real estate in the Spalding area. In Spalding, 13.15% of households rent, and 72.62% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Spalding is $5,778 per month. Households that rent pay about 11.94% of their income on rent here. Spalding’s most expensive areas are in the northwestern 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.

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