Cherry County, Nebraska Housing Market
In Cherry County, Nebraska, the median home value is $152,200, with a median monthly rent of $916. This places Cherry County at #2192 nationally out of 3134 counties by median home value, and #52 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: $782
- Establishments: 256
- BLS QCEW, 2025
Housing Supply
- Single-family: 16
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,330 (avg $58,679)
- Outflow: 2,110 (avg $59,870)
- IRS Statistics of Income
🔗 Explore Cherry County on Our Sister Sites
Get the complete picture for Cherry County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Cherry County Compares
| Metric | Cherry County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $152,200 | $164,635 | $227,706 |
| Median Gross Rent | $916 | $796 | $968 |
| Owner Occupancy Rate | 61.4% | 74.0% | 73.3% |
| Price/Rent Ratio | 13.8 | 17.2 | 18.7 |
Market Analysis
The median home value in Cherry County is 7.6% below the Nebraska state average and 33.2% below the U.S. national average. The median rent of $916/month is 15.1% above the state average.
With a price-to-rent ratio of 13.8, buying a home in Cherry County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cherry County has an owner-occupancy rate of 61.4%, 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 |
|---|---|---|---|
| Bay County | Michigan | $152,200 | $860 |
| Covington County | Alabama | $152,100 | $746 |
| Columbia County | Arkansas | $152,100 | $649 |
| Bland County | Virginia | $152,100 | $644 |
| Grady County | Georgia | $152,400 | $779 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sherman County | $152,000 | $818 | 75.4% |
| Fillmore County | $151,000 | $716 | 80.4% |
| Dawes County | $150,900 | $900 | 61.8% |
| Frontier County | $149,800 | $666 | 74.0% |
| Valley County | $154,600 | $626 | 73.8% |
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).