Phelps County, NE home prices

Phelps County, NE: the typical home is worth $221,452 as of 2026-05, up +5.0% over the past year and n/a since 2000. Listings run about $118/sq ft. Rent…

Data as of May 2026 · by the Real Estate Price Map data team · methodology & sources

1986: $57,019 → 2026: $221,452 (3.9×) pre-2000 estimated via FHFA index

Market read

At $221,452, homes in Phelps County sit 2% above the Nebraska median ($217,144) and 5% below the US median ($233,954). That ranks #43 of 89 Nebraska counties by price.

Prices are holding steady (+5.0% in the last year) — a balanced market.

Homes here move at a steady pace — a median 52 days on the market, with 21% of listings cutting their asking price.

At 3.1× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~17% cheap for local incomes and rents — a relative bargain.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

Nearby counties

Gosper County, NE ($323,920) · Harlan County, NE ($166,568) · Kearney County, NE ($255,853) · Buffalo County, NE ($304,755) · Dawson County, NE ($205,954) · Franklin County, NE ($149,916)