Grand Island, NE—68801
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Grand Island, NE
Home Price Trends — Grand Island, NE
As of Oct '25, the median home price in Grand Island, NE is $223,000, with a year-over-year change of 4.9%. This indicates that home prices in Grand Island, NE are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 4.9% |
| Single Family | $223,000 | 4.7% |
| Condos | $264,000 | 10.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $140,000 | 3.7% |
2 Bed | $186,000 | 4.5% |
3 Bed | $248,000 | 4.2% |
4 Bed | $290,000 | 3.9% |
| 5 Bed | $306,000 | 3.7% |
% of Housing Stock
Rental Trends — Grand Island, NE
As of July '25, Rentcast reports the average rent in Grand Island, NE is $1,280, with a year-over-year rent change of 47.1%. Per bedroom, the median rent as of July '25 in Grand Island, NE is 1-bedrooms: $906, 2-bedrooms: $1,440, 3-bedrooms: $1,570. The most common rental property sizes in Grand Island, NE are 2-bedroom and 1-bedroom, accounting for 44.2% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $906 |
| 2 Bed Rent | $1,400 | $1,440 |
| 3 Bed Rent | $1,540 | $1,570 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grand Island, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Island, NE is 56. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | -8.0% |
Listing Count | 55 | 52.0% |
| Listings as % of Homes | 0.3% | 52.0% |
Days on Market | 56 | 0.0% |
Demographics — Grand Island, NE
As of the latest ACS Survey released in 2023, Grand Island, NE has a population of 30,300, which has remained stable by 0.8% over the past 5 years. Grand Island, NE is a popular place for families, as children make up 29.2% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 0.8% |
% Under 18 | 29.2% | 2.8% |
% Seniors | 11.9% | 3.5% |
% WFH | 3.5% | 20.7% |
% w/ College Degree | 17.4% | 2.4% |
As of the latest ACS Survey released in 2023, Grand Island, NE is a predominantly white area, with 48.6% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Grand Island, NE is hispanic, making up 42.1% of the population. Foreign-born residents account for 22.1% of the population in Grand Island, NE, and this percentage has increased by 6.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.6% | -8.0% |
% Black | 6.0% | 100.0% |
% Hispanic | 42.1% | 3.4% |
% Asian | 1.3% | -7.1% |
% Foreign Born | 22.1% | 6.8% |
Mortgage and Risk — Grand Island, NE
According to HUD data as of 2023, there were 396 mortgage originations in Grand Island, NE, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Grand Island, NE. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Grand Island, NE
Grand Island, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 373 |
Total Units Section 8 | 321 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $900 | $920 |
| 2 Bedroom | -$270 | $1,400 | $1,130 |
| 3 Bedroom | -$110 | $1,540 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Grand Island, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $223,000 |
| Median Household Income | $63,200 |