Phelps County, Nebraska Housing Market
In Phelps County, Nebraska, the median home value is $194,900, with a median monthly rent of $815. This places Phelps County at #1455 nationally out of 3134 counties by median home value, and #23 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: 385
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,767 (avg $86,328)
- Outflow: 3,514 (avg $88,943)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Phelps County Compares
| Metric | Phelps County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $194,900 | $164,635 | $227,706 |
| Median Gross Rent | $815 | $796 | $968 |
| Owner Occupancy Rate | 68.3% | 74.0% | 73.3% |
| Price/Rent Ratio | 19.9 | 17.2 | 18.7 |
Market Analysis
The median home value in Phelps County is 18.4% above the Nebraska state average and 14.4% below the U.S. national average. The median rent of $815/month is 2.4% above the state average.
With a price-to-rent ratio of 19.9, the buy-vs-rent decision in Phelps County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Phelps County has an owner-occupancy rate of 68.3%, 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 |
|---|---|---|---|
| Columbia County | Florida | $194,900 | $976 |
| Franklin County | Maine | $194,700 | $802 |
| Jefferson County | Indiana | $194,600 | $890 |
| Marion County | Tennessee | $195,200 | $853 |
| Jones County | Georgia | $194,500 | $964 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stanton County | $195,400 | $902 | 78.3% |
| Pierce County | $196,000 | $884 | 78.1% |
| Adams County | $193,100 | $857 | 69.7% |
| Saline County | $197,400 | $914 | 75.9% |
| Polk County | $189,900 | $681 | 78.9% |
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).