Elm Creek, NE
Full City Profile · Nebraska · Phelps County County
4.2
/5.0
A
Great
1,146
Population
1,637/sq mi density
$75,625
Median Income
$29,310 per capita
$197,100
Home Value
$246,485 Zillow
$767
Median Rent
26.9% income on rent
51°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.5 / 5.0
$75,625 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$197,100 home value, $767/mo rent
C+
Education
3.0 / 5.0
24.9% bachelor's degree or higher
Housing Overview
Median Home Value
$197,100
30% below
US avg: $281,900
Median Rent
$767/mo
34% below
US avg: $1,163/mo
Homeownership Rate
67.5%
3% above US avg (65.4%)
Total Housing Units
459
Median year built: 1973
Home Value by Source
Census Median
$197,100
Zillow (ZHVI)
$246,485
Redfin Median Sale
$137,138
Median Sale Price
$137,138
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.5%
Owner-Occupied
32.5%
Renter-Occupied
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:
$767/mo
Market Indicators (Redfin)
Median Sale Price
$137,138
Median Days on Market
52 days
Sale-to-List Ratio
1.2%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$110
Affordability & Housing Stock
Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
67.5%
Complete Housing Data
Home Values
| Census Median Value | $197,100 |
| Zillow Home Value (ZHVI) | $246,485 |
| Redfin Median Sale | $137,138 |
| Median Sale Price | $137,138 |
| Price Per Sq Ft | $110 |
Rent
| Census Median Rent | $767 |
| 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 Market | 52 |
| Sale-to-List Ratio | 1.2% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $110 |
Ownership & Stock
| Owner-Occupied | 67.5% |
| Renter-Occupied | 32.5% |
| Homeownership Rate | 67.5% |
| Total Housing Units | 459 |
| Median Year Built | 1973 |
| Rent Burden | 26.9% |