Morrill County, Nebraska Housing Market
In Morrill County, Nebraska, the median home value is $116,100, with a median monthly rent of $768. This places Morrill County at #2702 nationally out of 3134 counties by median home value, and #76 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: $875
- Establishments: 147
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,825 (avg $64,275)
- Outflow: 1,736 (avg $64,618)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Morrill County Compares
| Metric | Morrill County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $116,100 | $164,635 | $227,706 |
| Median Gross Rent | $768 | $796 | $968 |
| Owner Occupancy Rate | 77.3% | 74.0% | 73.3% |
| Price/Rent Ratio | 12.6 | 17.2 | 18.7 |
Market Analysis
The median home value in Morrill County is 29.5% below the Nebraska state average and 49.0% below the U.S. national average. The median rent of $768/month is 3.5% below the state average.
With a price-to-rent ratio of 12.6, buying a home in Morrill 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.
Morrill County has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Crowley County | Colorado | $116,200 | $984 |
| Madison County | Florida | $116,200 | $874 |
| Chesterfield County | South Carolina | $116,200 | $762 |
| Monroe County | Kentucky | $115,900 | $657 |
| Okfuskee County | Oklahoma | $115,900 | $716 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Blaine County | $116,900 | $873 | 73.6% |
| Rock County | $117,500 | $644 | 69.3% |
| Thurston County | $114,600 | $699 | 61.0% |
| Webster County | $117,600 | $647 | 80.6% |
| Brown County | $113,900 | $876 | 74.2% |
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).