Mitchell, NE 69357 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mitchell, NE—69357

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$204,000

8.4% YoY Growth

Household Income

$70,000

36.7% YoY Growth

Days on Market

112

4.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mitchell, NE

As of Dec '25, the median home price in Mitchell, NE is $204,000, with a year-over-year change of 8.4%. This indicates that home prices in Mitchell, NE are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$204,000	8.4%
Single Family	$204,000	7.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mitchell, NE

Mitchell, NE lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

13.0%

2 Bedrooms

28.2%

3 Bedrooms

31.0%

4 Bedrooms

21.8%

5+ Bedrooms

6.0%

Property Listings — Mitchell, NE

As of Dec '25, Realtor.com reports that the median days on market for a home in Mitchell, NE is 72. 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$290,000	9.0%
Listing Count	14	-19.0%
Listings as % of Homes	0.9%	-19.0%
Days on Market	112	-4.0%

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Demographics — Mitchell, NE

As of the latest ACS Survey released in 2023, Mitchell, NE has a population of 3,560, which has remained stable by -0.9% over the past 5 years. Mitchell, NE is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,560	-0.9%
% Under 18	23.7%	12.3%
% Seniors	17.7%	-17.3%
% WFH	5.9%	3.5%
% w/ College Degree	25.4%	25.1%

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As of the latest ACS Survey released in 2023, Mitchell, NE is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Mitchell, NE is hispanic, making up 17.9% of the population. Foreign-born residents account for 4.8% of the population in Mitchell, NE, and this percentage has increased by 9.1% 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	76.5%	-3.0%
% Black	0.0%	-100.0%
% Hispanic	17.9%	7.8%
% Asian	0.0%	-100.0%
% Foreign Born	4.8%	9.1%

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Mortgage and Risk — Mitchell, NE

According to HUD data as of 2023, there were 23 mortgage originations in Mitchell, NE, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Mitchell, NE. Investor activity is low, as 0.0% 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	23
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	0.0%
% Second Loans	13.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Mitchell, NE

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

Section 8 Market Size

Total Units under HUD	7
Total Units Section 8	7
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

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	$930
3 Bedroom	N/A	N/A	$1,300
4 Bedroom	N/A	N/A	$1,360

Mitchell, NE—69357

Key Metrics at a Glance

Home Price Trends — Mitchell, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mitchell, NE

% of Rental Stock

Property Listings — Mitchell, NE

Demographics — Mitchell, NE

Race and Ethnicity

Mortgage and Risk — Mitchell, NE

Mortgages

Rentals and Section 8 — Mitchell, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Mitchell, NE

Home Price to Income Ratio

Mitchell, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Morrill, NE

Scottsbluff, NE

Lyman, NE

Gering, NE

Minatare, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$204,000
Median Household Income	$70,000

Mitchell, NE—69357

Key Metrics at a Glance

Home Price Trends — Mitchell, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mitchell, NE

% of Rental Stock

Property Listings — Mitchell, NE

Demographics — Mitchell, NE

Race and Ethnicity

Mortgage and Risk — Mitchell, NE

Mortgages

Rentals and Section 8 — Mitchell, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Mitchell, NE

Home Price to Income Ratio

Mitchell, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Morrill, NE

Scottsbluff, NE

Lyman, NE

Gering, NE

Minatare, NE

Frequently Asked Questions

What is the average home price in Mitchell, NE 69357?

How have home prices in Mitchell, NE 69357 changed over the past year?

What is the home price projection for Mitchell, NE 69357?

What are the demographics of Mitchell, NE 69357?

How long does it take homes to sell in Mitchell, NE 69357?

What is the average rent price in Mitchell, NE 69357?