Buffalo County, Nebraska Housing Market
In Buffalo County, Nebraska, the median home value is $246,400, with a median monthly rent of $936. This places Buffalo County at #918 nationally out of 3134 counties by median home value, and #8 within Nebraska.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,021
- Establishments: 1,824
- BLS QCEW, 2025
Housing Supply
- Single-family: 128
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,986 (avg $95,225)
- Outflow: 19,080 (avg $97,175)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Buffalo County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 68840 | 235.9 | -22.08% | 2025 |
| 2 | 68845 | 249.3 | +2.05% | 2025 |
| 3 | 68847 | 245.8 | +3.78% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Buffalo County Compares
| Metric | Buffalo County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $246,400 | $164,635 | $227,706 |
| Median Gross Rent | $936 | $796 | $968 |
| Owner Occupancy Rate | 66.4% | 74.0% | 73.3% |
| Price/Rent Ratio | 21.9 | 17.2 | 18.7 |
Market Analysis
The median home value in Buffalo County is 49.7% above the Nebraska state average and 8.2% above the U.S. national average. The median rent of $936/month is 17.6% above the state average.
With a price-to-rent ratio of 21.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Buffalo County has an owner-occupancy rate of 66.4%, compared to 74.0% in Nebraska and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lincoln County | Colorado | $246,500 | $868 |
| Harnett County | North Carolina | $246,200 | $1,112 |
| Canadian County | Oklahoma | $246,200 | $1,289 |
| Colonial Heights city | Virginia | $246,600 | $1,234 |
| McLeod County | Minnesota | $246,100 | $941 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Seward County | $241,300 | $980 | 72.0% |
| Hamilton County | $253,700 | $794 | 83.0% |
| Cass County | $254,900 | $996 | 85.4% |
| Gosper County | $228,500 | $664 | 81.0% |
| Douglas County | $266,100 | $1,201 | 61.5% |
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).