Metro area index
Home appreciation in the Grand Island, NE metro area
FHFA HPI® data shows the Grand Island, NE metro area's all-transactions index changed -0.4% over the year to Q2 2026, versus +3.2% for Nebraska and +3.0% for the U.S. That ranks 373rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- -0.4%
- 5-year change
- +44.8%
- Since Q1 1995
- +258%
- Metro rank (1 year)
- 373rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Grand Island, NE vs Nebraska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Grand Island, NE: 358.0
- Nebraska: 349.5
- United States: 391.6
Appreciation by time window
| Window | Metro | NE | U.S. | Gap vs NE | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -0.4% | +3.2% | +3.0% | −3.6 pts | −3.4 pts |
| 3 years | +14.5% | +12.7% | +12.9% | +1.9 pts | +1.7 pts |
| 5 years | +44.8% | +41.1% | +41.3% | +3.6 pts | +3.5 pts |
| 10 years | +89.6% | +91.4% | +93.3% | −1.9 pts | −3.8 pts |
| Since Q1 1995 | +258% | +249% | +292% | +8.5 pts | −33.6 pts |
3-digit ZIP regions in the Grand Island, NE area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 688 · Grand Island, NE area | NE | +2.6% | +45.1% | +266% | 44% |
Boom, bust, and recovery in Grand Island, NE area
Grand Island, NE area's index peaked in Q4 2009, fell 2.0% to its low in Q1 2010, and regained its peak in Q3 2010, about 0.8 years after the top. Today it sits +128% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2009 | Q1 2010 | -2.0% | Q3 2010 (0.8 yrs) | +128% |
| NE | Q1 2008 | Q2 2011 | -2.9% | Q1 2013 (5 yrs) | +117% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Grand Island, NE area's index has changed +61.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NE after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -4.1% | -0.6% | -0.8% |
| 3 years | +9.8% | +4.3% | +2.6% | +2.8% |
| 5 years | +24.0% | +16.7% | +13.8% | +13.9% |
| 10 years | +39.1% | +36.3% | +37.6% | +39.0% |
| Since Q1 1995 | +121% | +61.7% | +57.8% | +76.8% |
If you bought in the Grand Island, NE area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +253% | $1,059,067 |
| Q2 2000 | +203% | $908,092 |
| Q2 2005 | +144% | $732,706 |
| Q2 2010 | +132% | $696,137 |
| Q2 2015 | +94.1% | $582,272 |
| Q2 2020 | +58.7% | $476,127 |
| Q2 2021 | +44.8% | $434,396 |
| Q2 2023 | +14.5% | $343,603 |
| Q2 2025 | -0.4% | $298,848 |
Frequently asked questions
- How much have home prices risen in the Grand Island, NE area?
- FHFA HPI® data for the Grand Island, NE metro area shows changes of -0.4% over one year, +44.8% over five years, and +89.6% over ten years to Q2 2026, and +258% since Q1 1995.
- Is the Grand Island, NE area beating the national average?
- Over the past year the metro's index moved −3.4 pts versus the U.S.; over five years the gap is +3.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.