Crete, NE—68333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crete, NE
Crete, NE lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 5.0% |
| Single Family | $242,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $185,000 | 6.3% |
3 Bed | $252,000 | 6.3% |
4 Bed | $297,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crete, NE
As of July '25, Rentcast reports the average rent in Crete, NE is $1,050, with a year-over-year rent change of 44.8%. Per bedroom, the median rent as of July '25 in Crete, NE is 1-bedrooms: $700, 2-bedrooms: $912, 3-bedrooms: $1,410. The most common rental property sizes in Crete, NE are 2-bedroom and 3-bedroom, accounting for 52.7% and 19.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $700 |
| 2 Bed Rent | $925 | $912 |
| 3 Bed Rent | $1,380 | $1,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Crete, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Crete, NE is 42. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | 4.0% |
Listing Count | 30 | 65.0% |
| Listings as % of Homes | 0.2% | 65.0% |
Days on Market | 42 | 16.0% |
Demographics — Crete, NE
As of the latest ACS Survey released in 2023, Crete, NE has a population of 9,260, which has increased by 8.1% over the past 5 years. Crete, NE is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,260 | 8.1% |
% Under 18 | 24.8% | -7.8% |
% Seniors | 15.4% | 41.3% |
% WFH | 4.4% | -2.2% |
% w/ College Degree | 18.6% | 38.8% |
As of the latest ACS Survey released in 2023, Crete, NE is a predominantly white area, with 57.6% of the population identifying as white. The white population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Crete, NE is hispanic, making up 36.0% of the population. Foreign-born residents account for 21.4% of the population in Crete, NE, and this percentage has decreased by 6.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.6% | 3.2% |
% Black | 0.7% | -36.4% |
% Hispanic | 36.0% | -3.5% |
% Asian | 3.7% | -21.3% |
% Foreign Born | 21.4% | -6.6% |
Mortgage and Risk — Crete, NE
According to HUD data as of 2023, there were 97 mortgage originations in Crete, NE, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Crete, NE. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 97 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Crete, NE
Crete, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $650 | $780 |
| 2 Bedroom | $45 | $925 | $970 |
| 3 Bedroom | -$20 | $1,380 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Crete, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $242,000 |
| Median Household Income | $80,600 |