Central City, NE—68826
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central City, NE
As of Oct '25, the median home price in Central City, NE is $198,000, with a year-over-year change of 7.7%. This indicates that home prices in Central City, NE are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 7.7% |
| Single Family | $198,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 6.7% |
3 Bed | $206,000 | 6.7% |
4 Bed | $237,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central City, NE
Central City, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Central City, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Central City, NE is 46. This is a decrease of -53.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 62.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 5.0% |
Listing Count | 16 | -14.0% |
| Listings as % of Homes | 0.7% | -14.0% |
Days on Market | 46 | -53.0% |
Demographics — Central City, NE
As of the latest ACS Survey released in 2023, Central City, NE has a population of 3,980, which has remained stable by -0.3% over the past 5 years. Central City, NE is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,980 | -0.3% |
% Under 18 | 24.7% | 18.8% |
% Seniors | 19.6% | -15.2% |
% WFH | 3.4% | -2.9% |
% w/ College Degree | 20.8% | -1.4% |
As of the latest ACS Survey released in 2023, Central City, NE is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Central City, NE is hispanic, making up 6.0% of the population. Foreign-born residents account for 3.1% of the population in Central City, NE, and this percentage has increased by 24.0% 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 | 88.6% | -6.6% |
% Black | 0.1% | -92.9% |
% Hispanic | 6.0% | 200.0% |
% Asian | 1.3% | 225.0% |
% Foreign Born | 3.1% | 24.0% |
Mortgage and Risk — Central City, NE
According to HUD data as of 2023, there were 69 mortgage originations in Central City, NE, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Central City, NE. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Central City, NE
Central City, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 87.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | -$140 | $1,250 | $1,110 |
| 4 Bedroom | -$510 | $2,000 | $1,490 |
Affordability — Central City, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $198,000 |
| Median Household Income | $66,200 |