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Cherry County Housing Market

Nebraska · 93 counties · Ranked #903 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$136,000

vs national$136,000 vs $281,900 national

Median Gross Rent

$873/mo

vs national$873 vs $1,163 national

Effective Tax Rate

1.01%

vs national1.01% vs 1.02% national

Median Household Income

$63,750

vs national$63,750 vs $74,755 national

Affordability Ratio

2.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,373

Tax as % of Home Value

1.01%

Monthly Owner Cost

$761

Renter Income

$46,732

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Cherry County?

The median home value in Cherry County is $136,000. This is below the national median of $281,900.

How much is rent in Cherry County?

The median gross rent in Cherry County is $873 per month.

What is the property tax rate in Cherry County?

The effective property tax rate in Cherry County is 1.01%. The median annual property tax bill is $1,373.

Is Cherry County affordable?

With a home-value-to-income ratio of 2.1x, Cherry County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.