Is now a good time to buy a home in Nebraska?
The typical home value in Nebraska is $282K as of Aug 2026 (Zillow Home Value Index), up 3.0% from a year earlier. Over five years prices have compounded at +4.7% a year. Prices are 7.5% below their 10-year trend line.
Nebraska price trend & forecast
Cities in Nebraska ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Gretna | $431K | +2.2% | +3.1% | +0.9% | ACCUMULATE | 60/100 |
| Omaha | $299K | +2.3% | +4.2% | +0.9% | ACCUMULATE | 59/100 |
| Papillion | $414K | +2.7% | +3.7% | +1.2% | ACCUMULATE | 59/100 |
| Bellevue | $303K | +3.5% | +4.9% | +1.3% | ACCUMULATE | 58/100 |
| Lincoln | $295K | +2.8% | +4.2% | +0.5% | ACCUMULATE | 53/100 |
| North Platte | $221K | +7.0% | +6.3% | +3.8% | BUY | 50/100 |
| Columbus | $272K | +1.6% | +4.8% | -0.4% | WAIT | 50/100 |
| Kearney | $319K | +6.0% | +5.7% | +1.7% | ACCUMULATE | 49/100 |
| Fremont | $259K | +3.5% | +5.3% | +0.2% | WAIT | 49/100 |
| Grand Island | $254K | -0.8% | +4.2% | -1.2% | WAIT | 48/100 |
| Hastings | $206K | +1.2% | +4.3% | -1.1% | WAIT | 41/100 |
| Norfolk | $259K | +3.2% | +5.3% | -1.5% | WAIT | 37/100 |
Frequently asked questions
Is now a good time to buy a home in Nebraska?
As of Aug 2026, our buy-timing signal for Nebraska is WAIT — the model projects prices about -3.2% lower around Feb 2027. Patience is likely to be rewarded; use the time to negotiate and arrange financing. Buy-timing score: 52/100.
Will home prices in Nebraska go down in 2027?
The model projects +0.5% over the next 12 months: about $283K by Aug 2027, with an 80% range of $278K–$289K (today $282K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Nebraska?
The typical (mid-tier) home value in Nebraska is $282K as of Aug 2026, +3.0% year over year.
What is the cheapest time of year to buy in Nebraska?
Historically, prices in Nebraska run lowest in February, about 2.0% below the annual average, and highest in July.
Which areas in Nebraska have the best buy-timing right now?
Highest buy-timing scores: Gretna (60/100, ACCUMULATE), Omaha (59/100, ACCUMULATE) and Papillion (59/100, ACCUMULATE). Fastest-rising prices: North Platte (+7.0%), Kearney (+6.0%) and Bellevue (+3.5%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.