Boone County, Nebraska Housing Market
In Boone County, Nebraska, the median home value is $173,700, with a median monthly rent of $850. This places Boone County at #1723 nationally out of 3134 counties by median home value, and #38 within Nebraska.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,017
- Establishments: 226
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,280 (avg $81,025)
- Outflow: 2,142 (avg $82,801)
- IRS Statistics of Income
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| Metric | Boone County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $173,700 | $164,635 | $227,706 |
| Median Gross Rent | $850 | $796 | $968 |
| Owner Occupancy Rate | 81.9% | 74.0% | 73.3% |
| Price/Rent Ratio | 17.0 | 17.2 | 18.7 |
Market Analysis
The median home value in Boone County is 5.5% above the Nebraska state average and 23.7% below the U.S. national average. The median rent of $850/month is 6.8% above the state average.
With a price-to-rent ratio of 17.0, the buy-vs-rent decision in Boone County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Boone County has an owner-occupancy rate of 81.9%, compared to 74.0% in Nebraska and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Barnes County | North Dakota | $173,700 | $779 |
| Linn County | Kansas | $173,600 | $691 |
| Christian County | Kentucky | $173,600 | $1,040 |
| Marshall County | Kentucky | $173,800 | $798 |
| Day County | South Dakota | $173,600 | $660 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gage County | $174,000 | $774 | 73.5% |
| Logan County | $175,000 | $761 | 78.9% |
| Merrick County | $175,900 | $750 | 82.2% |
| Garfield County | $176,600 | $490 | 76.0% |
| Cuming County | $178,800 | $789 | 68.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).