Gering, NE—69341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gering, NE
As of Oct '25, the median home price in Gering, NE is $201,000, with a year-over-year change of 6.8%. This indicates that home prices in Gering, NE are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 6.8% |
| Single Family | $201,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | 9.9% |
2 Bed | $164,000 | 7.9% |
3 Bed | $205,000 | 6.8% |
4 Bed | $239,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Gering, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Gering, NE is 74. This is a increase of 52.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | -4.0% |
Listing Count | 39 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 74 | 52.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Gering, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $201,000 |
| Median Household Income | $70,100 |