North Platte, NE 69101 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Platte, NE—69101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$205,000

5.1% YoY Growth

Household Income

$61,800

12.0% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$990

11.9% YoY Growth

1-Bed Rent

$750

23.3% YoY Growth

2-Bed Rent

$1,100

31.5% YoY Growth

3-Bed Rent

$1,500

6.1% YoY Growth

Home Price Trends — North Platte, NE

As of Dec '25, the median home price in North Platte, NE is $205,000, with a year-over-year change of 5.1%. 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	$205,000	5.1%
Single Family	$205,000	5.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.7%

1 Bedroom

17.1%

2 Bedrooms

46.7%

3 Bedrooms

24.9%

4 Bedrooms

4.6%

5+ Bedrooms

2.1%

Property Listings — North Platte, NE

As of Dec '25, Realtor.com reports that the median days on market for a home in North Platte, NE is 60. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$294,000	13.0%
Listing Count	124	11.0%
Listings as % of Homes	0.6%	11.0%
Days on Market	70	15.0%

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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%

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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%

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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%

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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

North Platte, NE—69101

Key Metrics at a Glance

Home Price Trends — North Platte, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Platte, NE

% of Rental Stock

Property Listings — North Platte, NE

Demographics — North Platte, NE

Race and Ethnicity

Mortgage and Risk — North Platte, NE

Mortgages

Rentals and Section 8 — North Platte, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — North Platte, NE

Home Price to Income Ratio

North Platte, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Hershey, NE

Brady, NE

Wellfleet, NE

Brady, NE

Tryon, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$205,000
Median Household Income	$61,800

North Platte, NE—69101

Key Metrics at a Glance

Home Price Trends — North Platte, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Platte, NE

% of Rental Stock

Property Listings — North Platte, NE

Demographics — North Platte, NE

Race and Ethnicity

Mortgage and Risk — North Platte, NE

Mortgages

Rentals and Section 8 — North Platte, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — North Platte, NE

Home Price to Income Ratio

North Platte, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Hershey, NE

Brady, NE

Wellfleet, NE

Brady, NE

Tryon, NE

Frequently Asked Questions

What is the average home price in North Platte, NE 69101?

How have home prices in North Platte, NE 69101 changed over the past year?

What is the home price projection for North Platte, NE 69101?

What are the demographics of North Platte, NE 69101?

How long does it take homes to sell in North Platte, NE 69101?

What is the average rent price in North Platte, NE 69101?