Red Willow County, Nebraska Housing Market
In Red Willow County, Nebraska, the median home value is $159,600, with a median monthly rent of $819. This places Red Willow County at #2025 nationally out of 3134 counties by median home value, and #45 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: $917
- Establishments: 394
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,227 (avg $73,501)
- Outflow: 3,958 (avg $74,754)
- IRS Statistics of Income
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| Metric | Red Willow County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,600 | $164,635 | $227,706 |
| Median Gross Rent | $819 | $796 | $968 |
| Owner Occupancy Rate | 73.0% | 74.0% | 73.3% |
| Price/Rent Ratio | 16.2 | 17.2 | 18.7 |
Market Analysis
The median home value in Red Willow County is 3.1% below the Nebraska state average and 29.9% below the U.S. national average. The median rent of $819/month is 2.9% above the state average.
With a price-to-rent ratio of 16.2, the buy-vs-rent decision in Red Willow County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Red Willow County has an owner-occupancy rate of 73.0%, 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 |
|---|---|---|---|
| Jackson County | Alabama | $159,500 | $780 |
| Washington County | Alabama | $159,700 | $655 |
| Buena Vista County | Iowa | $159,500 | $894 |
| Laurel County | Kentucky | $159,500 | $813 |
| Torrance County | New Mexico | $159,700 | $872 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Custer County | $157,800 | $853 | 68.9% |
| Perkins County | $157,200 | $922 | 78.7% |
| Dixon County | $155,900 | $689 | 76.5% |
| Clay County | $155,600 | $645 | 81.9% |
| Johnson County | $155,500 | $779 | 67.2% |
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).