Mitchell, NE—69357
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mitchell, NE
As of Oct '25, the median home price in Mitchell, NE is $202,000, with a year-over-year change of 8.5%. This indicates that home prices in Mitchell, NE are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 8.5% |
| Single Family | $203,000 | 8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 8.3% |
3 Bed | $221,000 | 8.9% |
4 Bed | $250,000 | 8.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mitchell, NE
Mitchell, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mitchell, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Mitchell, NE is 65. This is a decrease of -10.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | 0.0% |
Listing Count | 14 | -31.0% |
| Listings as % of Homes | 0.9% | -31.0% |
Days on Market | 65 | -10.0% |
Demographics — Mitchell, NE
As of the latest ACS Survey released in 2023, Mitchell, NE has a population of 3,560, which has remained stable by -0.9% over the past 5 years. Mitchell, NE is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,560 | -0.9% |
% Under 18 | 23.7% | 12.3% |
% Seniors | 17.7% | -17.3% |
% WFH | 5.9% | 3.5% |
% w/ College Degree | 25.4% | 25.1% |
As of the latest ACS Survey released in 2023, Mitchell, NE is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Mitchell, NE is hispanic, making up 17.9% of the population. Foreign-born residents account for 4.8% of the population in Mitchell, NE, and this percentage has increased by 9.1% 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 | 76.5% | -3.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 17.9% | 7.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.8% | 9.1% |
Mortgage and Risk — Mitchell, NE
According to HUD data as of 2023, there were 23 mortgage originations in Mitchell, NE, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Mitchell, NE. Investor activity is low, as 0.0% 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 | 23 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mitchell, NE
Mitchell, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $930 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Mitchell, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $202,000 |
| Median Household Income | $70,000 |