Garfield County, Nebraska Housing Market
In Garfield County, Nebraska, the median home value is $176,600, with a median monthly rent of $490. This places Garfield County at #1676 nationally out of 3134 counties by median home value, and #34 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: $784
- Establishments: 95
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 694 (avg $56,664)
- Outflow: 657 (avg $54,883)
- IRS Statistics of Income
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| Metric | Garfield County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $176,600 | $164,635 | $227,706 |
| Median Gross Rent | $490 | $796 | $968 |
| Owner Occupancy Rate | 76.0% | 74.0% | 73.3% |
| Price/Rent Ratio | 30.0 | 17.2 | 18.7 |
Market Analysis
The median home value in Garfield County is 7.3% above the Nebraska state average and 22.4% below the U.S. national average. The median rent of $490/month is 38.4% below the state average.
With a price-to-rent ratio of 30.0, Garfield County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Garfield County has an owner-occupancy rate of 76.0%, 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 |
|---|---|---|---|
| Sangamon County | Illinois | $176,300 | $983 |
| Hawkins County | Tennessee | $176,300 | $785 |
| Sebastian County | Arkansas | $176,200 | $886 |
| Alger County | Michigan | $176,200 | $714 |
| Erie County | Pennsylvania | $177,000 | $904 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Merrick County | $175,900 | $750 | 82.2% |
| Logan County | $175,000 | $761 | 78.9% |
| Cuming County | $178,800 | $789 | 68.9% |
| Gage County | $174,000 | $774 | 73.5% |
| Boone County | $173,700 | $850 | 81.9% |
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).