Central City, NE 68826 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Central City, NE—68826

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$198,000

7.4% YoY Growth

Household Income

$66,200

22.2% YoY Growth

Days on Market

60.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$1,250

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,250

N/A

Home Price Trends — Central City, NE

As of Nov '25, the median home price in Central City, NE is $198,000, with a year-over-year change of 7.4%. This indicates that home prices in Central City, NE are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$198,000	7.4%
Single Family	$198,000	7.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.5%

1 Bedroom

7.2%

2 Bedrooms

45.6%

3 Bedrooms

32.6%

4 Bedrooms

5.1%

Property Listings — Central City, NE

As of Nov '25, Realtor.com reports that the median days on market for a home in Central City, NE is 45. This is a decrease of -60.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$258,000	5.0%
Listing Count	21	-5.0%
Listings as % of Homes	0.7%	-5.0%
Days on Market	45	-60.0%

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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%

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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%

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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%

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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

Central City, NE—68826

Key Metrics at a Glance

Home Price Trends — Central City, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Central City, NE

% of Rental Stock

Property Listings — Central City, NE

Demographics — Central City, NE

Race and Ethnicity

Mortgage and Risk — Central City, NE

Mortgages

Rentals and Section 8 — Central City, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Central City, NE

Home Price to Income Ratio

Central City, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Archer, NE

Clarks, NE

Chapman, NE

Palmer, NE

Saint Libory, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$198,000
Median Household Income	$66,200

Central City, NE—68826

Key Metrics at a Glance

Home Price Trends — Central City, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Central City, NE

% of Rental Stock

Property Listings — Central City, NE

Demographics — Central City, NE

Race and Ethnicity

Mortgage and Risk — Central City, NE

Mortgages

Rentals and Section 8 — Central City, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Central City, NE

Home Price to Income Ratio

Central City, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Archer, NE

Clarks, NE

Chapman, NE

Palmer, NE

Saint Libory, NE

Frequently Asked Questions

What is the average home price in Central City, NE 68826?

How have home prices in Central City, NE 68826 changed over the past year?

What is the home price projection for Central City, NE 68826?

What are the demographics of Central City, NE 68826?

How long does it take homes to sell in Central City, NE 68826?

What is the average rent price in Central City, NE 68826?