North Platte, NE—69101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Platte, NE
As of Oct '25, the median home price in North Platte, NE is $206,000, with a year-over-year change of 5.0%. This indicates that home prices in North Platte, NE are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $206,000 | 5.0% |
| Single Family | $206,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | -1.2% |
2 Bed | $134,000 | 4.7% |
3 Bed | $216,000 | 5.4% |
4 Bed | $265,000 | 5.2% |
| 5 Bed | $325,000 | 4.5% |
% of Housing Stock
Rental Trends — North Platte, NE
As of July '25, Rentcast reports the average rent in North Platte, NE is $1,130, with a year-over-year rent change of 11.9%. Per bedroom, the median rent as of July '25 in North Platte, NE is studios: $600, 1-bedrooms: $725, 2-bedrooms: $1,180, 3-bedrooms: $1,400. The most common rental property sizes in North Platte, NE are 2-bedroom and 3-bedroom, accounting for 46.7% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $990 | $1,130 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $750 | $725 |
| 2 Bed Rent | $1,100 | $1,180 |
| 3 Bed Rent | $1,500 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Platte, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in North Platte, NE is 54. This is a decrease of -6.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $294,000 | 11.0% |
Listing Count | 123 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 54 | -6.0% |
Demographics — North Platte, NE
As of the latest ACS Survey released in 2023, North Platte, NE has a population of 27,600, which has decreased by -5.7% over the past 5 years. North Platte, NE is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | -5.7% |
% Under 18 | 22.7% | -6.6% |
% Seniors | 20.8% | 17.5% |
% WFH | 3.3% | 106.2% |
% w/ College Degree | 19.6% | -12.5% |
As of the latest ACS Survey released in 2023, North Platte, NE is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in North Platte, NE is hispanic, making up 9.6% of the population. Foreign-born residents account for 2.8% of the population in North Platte, NE, and this percentage has increased by 47.4% 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 | 85.7% | -1.7% |
% Black | 0.9% | -43.8% |
% Hispanic | 9.6% | 6.7% |
% Asian | 1.0% | 233.3% |
% Foreign Born | 2.8% | 47.4% |
Mortgage and Risk — North Platte, NE
According to HUD data as of 2023, there were 411 mortgage originations in North Platte, NE, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in North Platte, NE. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Platte, NE
North Platte, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 759 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $750 | $710 |
| 2 Bedroom | -$170 | $1,100 | $930 |
| 3 Bedroom | -$330 | $1,500 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — North Platte, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $206,000 |
| Median Household Income | $61,800 |