Home/Nebraska/Phelps County

Phelps County Housing Market

Nebraska · 93 counties · Ranked #1550 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$173,300

vs national$173,300 vs $281,900 national

Median Gross Rent

$724/mo

vs national$724 vs $1,163 national

Effective Tax Rate

1.38%

vs national+1.38% vs 1.02% national

Median Household Income

$65,988

vs national$65,988 vs $74,755 national

Affordability Ratio

2.6x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$2,386

Tax as % of Home Value

1.38%

Monthly Owner Cost

$844

Renter Income

$36,181

Frequently Asked Questions

What is the median home value in Phelps County?
The median home value in Phelps County is $173,300. This is below the national median of $281,900.
How much is rent in Phelps County?
The median gross rent in Phelps County is $724 per month.
What is the property tax rate in Phelps County?
The effective property tax rate in Phelps County is 1.38%. The median annual property tax bill is $2,386.
Is Phelps County affordable?
With a home-value-to-income ratio of 2.6x, Phelps 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.