Dakota County, Nebraska Housing Market
In Dakota County, Nebraska, the median home value is $185,700, with a median monthly rent of $1,069. This places Dakota County at #1561 nationally out of 3134 counties by median home value, and #29 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: $1,135
- Establishments: 471
- BLS QCEW, 2025
Housing Supply
- Single-family: 34
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,877 (avg $60,844)
- Outflow: 8,513 (avg $61,940)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Dakota County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 68731 | 289.2 | +1.31% | 2025 |
| 2 | 68776 | 263.3 | +7.05% | 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 Dakota County Compares
| Metric | Dakota County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $185,700 | $164,635 | $227,706 |
| Median Gross Rent | $1,069 | $796 | $968 |
| Owner Occupancy Rate | 63.9% | 74.0% | 73.3% |
| Price/Rent Ratio | 14.5 | 17.2 | 18.7 |
Market Analysis
The median home value in Dakota County is 12.8% above the Nebraska state average and 18.4% below the U.S. national average. The median rent of $1,069/month is 34.3% above the state average.
With a price-to-rent ratio of 14.5, buying a home in Dakota 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.
Dakota County has an owner-occupancy rate of 63.9%, 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 |
|---|---|---|---|
| Washington County | Ohio | $185,600 | $852 |
| Menard County | Illinois | $185,500 | $885 |
| Montcalm County | Michigan | $185,500 | $869 |
| Arthur County | Nebraska | $185,900 | $750 |
| Robertson County | Texas | $185,900 | $779 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Arthur County | $185,900 | $750 | 80.5% |
| Cedar County | $185,000 | $716 | 79.6% |
| Butler County | $184,200 | $776 | 79.9% |
| Loup County | $182,300 | $688 | 73.4% |
| York County | $189,400 | $877 | 75.5% |
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).