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Central City, NE

Full City Profile · Nebraska · Merrick County County

3.2 /5.0
B Good
3,039 Population 1,245/sq mi density
$62,012 Median Income $34,675 per capita
$158,300 Home Value $198,661 Zillow
$729 Median Rent 28.5% income on rent
50°F Avg Temperature 308 sunny days/yr
209 Violent Crime/100K 209 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$62,012 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$158,300 home value, $729/mo rent
F
Safety
1.0 / 5.0
209 violent crimes/100K
C+
Education
2.6 / 5.0
19.7% bachelor's degree or higher

Housing Overview

Median Home Value
$158,300
44% below
US avg: $281,900
Median Rent
$729/mo
37% below
US avg: $1,163/mo
Homeownership Rate
67.4%
3% above US avg (65.4%)
Total Housing Units
1,285
Median year built: 1969

Home Value by Source

Census Median
$158,300
Zillow (ZHVI)
$198,661
Median Sale Price
$223,500
Median List Price
$439,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

67.4%
Owner-Occupied
32.6%
Renter-Occupied
67%
33%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent: $729/mo

Market Indicators (Redfin)

Median Days on Market
130 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
37.5%
of listings with price reduction
Price Per Sq Ft
$113
Active Inventory
8
homes for sale

Affordability & Housing Stock

Rent Burden
28.5%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
67.4%

Complete Housing Data

Home Values

Census Median Value$158,300
Zillow Home Value (ZHVI)$198,661
Median Sale Price$223,500
Median List Price$439,000
Price Per Sq Ft$113

Rent

Census Median Rent$729
FMR Studio$706
FMR 1-Bedroom$791
FMR 2-Bedroom$1,001
FMR 3-Bedroom$1,274
FMR 4-Bedroom$1,409

Market

Days on Market130
Sale-to-List Ratio1.0%
Price Drops37.5%
Homes Sold4
Active Inventory8
Price Per Sq Ft$113

Ownership & Stock

Owner-Occupied67.4%
Renter-Occupied32.6%
Homeownership Rate67.4%
Total Housing Units1,285
Median Year Built1969
Rent Burden28.5%