Gering, NE 69341 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gering, NE—69341

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$200,000

6.5% YoY Growth

Household Income

$70,100

21.2% YoY Growth

Days on Market

45.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,030

16.4% YoY Growth

1-Bed Rent

$550

N/A

2-Bed Rent

$775

44.6% YoY Growth

3-Bed Rent

$1,030

4.7% YoY Growth

Home Price Trends — Gering, NE

As of Dec '25, the median home price in Gering, NE is $200,000, with a year-over-year change of 6.5%. This indicates that home prices in Gering, NE are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$200,000	6.5%
Single Family	$200,000	5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gering, NE

As of July '25, Rentcast reports the average rent in Gering, NE is $920, with a year-over-year rent change of -16.4%. Per bedroom, the median rent as of July '25 in Gering, NE is 1-bedrooms: $550, 2-bedrooms: $775, 3-bedrooms: $1,020. The most common rental property sizes in Gering, NE are 2-bedroom and 3-bedroom, accounting for 39.1% and 29.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,030	$920
Studio Rent	N/A	N/A
1 Bed Rent	$550	$550
2 Bed Rent	$775	$775
3 Bed Rent	$1,030	$1,020
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.1%

1 Bedroom

24.7%

2 Bedrooms

39.1%

3 Bedrooms

29.8%

4 Bedrooms

5.3%

Property Listings — Gering, NE

As of Dec '25, Realtor.com reports that the median days on market for a home in Gering, NE is 80. This is a increase of 59.0% 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 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	$228,000	-8.0%
Listing Count	39	4.0%
Listings as % of Homes	0.5%	4.0%
Days on Market	90	45.0%

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Demographics — Gering, NE

As of the latest ACS Survey released in 2023, Gering, NE has a population of 10,700, which has remained stable by 1.0% over the past 5 years. Gering, NE is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,700	1.0%
% Under 18	25.8%	2.4%
% Seniors	20.4%	3.0%
% WFH	2.7%	-18.2%
% w/ College Degree	27.1%	15.8%

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As of the latest ACS Survey released in 2023, Gering, NE is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Gering, NE is hispanic, making up 24.2% of the population. Foreign-born residents account for 3.8% of the population in Gering, NE, and this percentage has increased by 35.7% 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	70.7%	-9.4%
% Black	0.6%	-33.3%
% Hispanic	24.2%	25.4%
% Asian	0.4%	0.0%
% Foreign Born	3.8%	35.7%

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Mortgage and Risk — Gering, NE

According to HUD data as of 2023, there were 84 mortgage originations in Gering, NE, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Gering, NE. Investor activity is low, as 4.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	84
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Gering, NE

Gering, NE lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	293
Total Units Section 8	207
% Rentals under Section 8	N/A
% Occupied Section 8	89.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$190	$550	$740
2 Bedroom	$145	$775	$920
3 Bedroom	$260	$1,030	$1,290
4 Bedroom	N/A	N/A	$1,340

Gering, NE—69341

Key Metrics at a Glance

Home Price Trends — Gering, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gering, NE

% of Rental Stock

Property Listings — Gering, NE

Demographics — Gering, NE

Race and Ethnicity

Mortgage and Risk — Gering, NE

Mortgages

Rentals and Section 8 — Gering, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Gering, NE

Home Price to Income Ratio

Gering, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Harrisburg, NE

Melbeta

Minatare, NE

Scottsbluff, NE

Lyman, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$200,000
Median Household Income	$70,100

Gering, NE—69341

Key Metrics at a Glance

Home Price Trends — Gering, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gering, NE

% of Rental Stock

Property Listings — Gering, NE

Demographics — Gering, NE

Race and Ethnicity

Mortgage and Risk — Gering, NE

Mortgages

Rentals and Section 8 — Gering, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Gering, NE

Home Price to Income Ratio

Gering, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Harrisburg, NE

Melbeta

Minatare, NE

Scottsbluff, NE

Lyman, NE

Frequently Asked Questions

What is the average home price in Gering, NE 69341?

How have home prices in Gering, NE 69341 changed over the past year?

What is the home price projection for Gering, NE 69341?

What are the demographics of Gering, NE 69341?

How long does it take homes to sell in Gering, NE 69341?

What is the average rent price in Gering, NE 69341?