McPherson County, NE housing market

What this means

• Prices. Home values are up 2.7% over the past year (U.S.: +1.2%).
• Negotiating. Homes sell for about 4.1% below their final list price (as of Oct 2024); 0% of listings had a price cut (U.S.: 26%) (as of Sep 2024).
• Affordability. A mortgage on the typical home takes 48% of the median household income (U.S.: 35%); it takes about $94k a year to keep the payment at 30% of gross pay. That includes about $2,262 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $156 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −3% to +13% over the next 12 months (83% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −3.1% to +13.3% (80% range; middle estimate +6.4%), chance of a rise 83%, of a 5%+ drop 6%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in McPherson County, NE