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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
50.0% Shorter YoY
Home Price Forecast
3.0%
Median Rent
$1,250
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,250
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Central City, NE

As of Dec '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 TypeMedian Home ValueYoY % Change
All Homes
$198,0007.4%
Single Family $198,0007.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$129,0006.6%
    3 Bed
    		$206,0006.2%
    4 Bed
    		$237,0006.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    3.4%
    2 Bedrooms
    31.4%
    3 Bedrooms
    34.9%
    4 Bedrooms
    18.4%
    5+ Bedrooms
    8.6%

    Rental Trends — Central City, NE

    Central City, NE lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,620
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/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 Dec '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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$225,0003.0%
    Listing Count
    		2114.0%
    Listings as % of Homes0.7%14.0%
    Days on Market
    		60-50.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$750
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$198,000
    Median Household Income$66,200

    Central City, NE — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Archer, NE

    68816

    Clarks, NE

    68628

    Chapman, NE

    68827

    Palmer, NE

    68864

    Saint Libory, NE

    68872

    Frequently Asked Questions