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Elm Creek, NE

Full City Profile · Nebraska · Phelps County County

3.4 /5.0
B Good
1,146 Population 1,637/sq mi density
$75,625 Median Income $29,310 per capita
$197,100 Home Value $270,773 Zillow
$767 Median Rent 26.9% income on rent
50°F Avg Temperature 308 sunny days/yr
54 Violent Crime/100K 2,312 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$75,625 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$197,100 home value, $767/mo rent
F
Safety
1.0 / 5.0
54 violent crimes/100K
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)
$270,773
Median Sale Price
$137,138
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

67.5%
Owner-Occupied
32.5%
Renter-Occupied
68%
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: $767/mo

Market Indicators (Redfin)

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)$270,773
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 Market52
Sale-to-List Ratio1.2%
Price Drops0.0%
Homes Sold1
Price Per Sq Ft$110

Ownership & Stock

Owner-Occupied67.5%
Renter-Occupied32.5%
Homeownership Rate67.5%
Total Housing Units459
Median Year Built1973
Rent Burden26.9%