Lancaster County, Nebraska Housing Market
In Lancaster County, Nebraska, the median home value is $275,200, with a median monthly rent of $1,085. This places Lancaster County at #749 nationally out of 3134 counties by median home value, and #3 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: $1,146
- Establishments: 9,625
- BLS QCEW, 2025
Housing Supply
- Single-family: 970
- Multi-family: 1,376
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 132,054 (avg $92,949)
- Outflow: 127,294 (avg $93,915)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Lancaster County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 68523 | 253.8 | — | 2025 |
| 2 | 68339 | 264.3 | -10.96% | 2025 |
| 3 | 68520 | 317.8 | +10.18% | 2025 |
| 4 | 68430 | 304.0 | +10.98% | 2025 |
| 5 | 68428 | 252.4 | -5.20% | 2025 |
| 6 | 68504 | 267.2 | +8.71% | 2025 |
| 7 | 68317 | 219.8 | +8.06% | 2025 |
| 8 | 68528 | 234.8 | +4.41% | 2025 |
| 9 | 68503 | 278.4 | +4.96% | 2025 |
| 10 | 68522 | 245.4 | +3.15% | 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 Lancaster County Compares
| Metric | Lancaster County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $275,200 | $164,635 | $227,706 |
| Median Gross Rent | $1,085 | $796 | $968 |
| Owner Occupancy Rate | 58.9% | 74.0% | 73.3% |
| Price/Rent Ratio | 21.1 | 17.2 | 18.7 |
Market Analysis
The median home value in Lancaster County is 67.2% above the Nebraska state average and 20.9% above the U.S. national average. The median rent of $1,085/month is 36.3% above the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lancaster County has an owner-occupancy rate of 58.9%, 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 |
|---|---|---|---|
| Licking County | Ohio | $275,200 | $1,078 |
| Lexington city | Virginia | $275,200 | $1,081 |
| Denali Borough | Alaska | $275,000 | $825 |
| Bear Lake County | Idaho | $275,000 | $632 |
| Dunn County | North Dakota | $275,000 | $922 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Saunders County | $271,700 | $960 | 82.1% |
| Douglas County | $266,100 | $1,201 | 61.5% |
| Cass County | $254,900 | $996 | 85.4% |
| Hamilton County | $253,700 | $794 | 83.0% |
| Washington County | $297,600 | $965 | 83.2% |
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).