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Home appreciation in Nebraska
Nebraska's FHFA HPI® all-transactions index changed +3.2% over the year to Q2 2026, versus +3.0% nationally, ranking 28th of 51 states and D.C. Below, compare its 13 3-digit ZIP regions and 4 metro areas.
- 1-year change
- +3.2%
- 5-year change
- +41.1%
- Since Q1 1995
- +249%
- State rank (1 year)
- 28th
U.S. +3.0%
32nd of 51
U.S. +292%
of 51 states and D.C.
Nebraska vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Nebraska: 349.5
- United States: 391.6
Nebraska appreciation by time window
| Window | NE | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +3.2% | +3.0% | +0.2 pts |
| 3 years | +12.7% | +12.9% | −0.2 pts |
| 5 years | +41.1% | +41.3% | −0.1 pts |
| 10 years | +91.4% | +93.3% | −1.9 pts |
| Since Q1 1995 | +249% | +292% | −42.1 pts |
3-digit ZIP regions in Nebraska
Fastest-appreciating ZIP codes in Nebraska →Sorted by one-year change. 10 of 13 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 687 · Norfolk, NE area | +3.9% | +40.4% | +81.5% | +262% |
| 2 | 681 · Omaha, NE area | +3.8% | +38.2% | +95.7% | +243% |
| 3 | 680 · Fremont, NE area | +3.6% | +41.9% | +93.1% | +249% |
| 4 | 683 · Beatrice, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 5 | 686 · Columbus, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 6 | 689 · Hastings, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 7 | 690 · McCook, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 8 | 691 · North Platte, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 9 | 692 · Valentine, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 10 | 693 · Scottsbluff, NE area | +3.4% | +45.6% | +86.2% | +266% |
| 11 | 688 · Grand Island, NE area | +2.6% | +45.1% | +86.2% | +266% |
| 12 | 684 · York, NE area | +2.1% | +39.3% | +90.0% | +239% |
| 13 | 685 · Lincoln, NE area | +2.0% | +38.9% | +90.3% | +237% |
Metro areas in Nebraska
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Omaha, NE-IA | +4.2% | +40.1% | +249% |
| Lincoln, NE | +2.1% | +39.3% | +239% |
| Grand Island, NE | -0.4% | +44.8% | +258% |
| Sioux City, IA-NE-SD | -1.1% | +39.6% | +229% |
Boom, bust, and recovery in Nebraska
Nebraska's index peaked in Q1 2008, fell 2.9% to its low in Q2 2011, and regained its peak in Q1 2013, about 5 years after the top. Today it sits +117% 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 |
|---|---|---|---|---|---|
| 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, Nebraska's index has changed +57.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | NE after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -0.6% | -0.8% |
| 3 years | +9.8% | +2.6% | +2.8% |
| 5 years | +24.0% | +13.8% | +13.9% |
| 10 years | +39.1% | +37.6% | +39.0% |
| Since Q1 1995 | +121% | +57.8% | +76.8% |
If you bought in Nebraska in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +243% | $1,029,430 |
| Q2 2000 | +174% | $821,826 |
| Q2 2005 | +126% | $677,491 |
| Q2 2010 | +122% | $664,939 |
| Q2 2015 | +99.2% | $597,702 |
| Q2 2020 | +57.2% | $471,744 |
| Q2 2021 | +41.1% | $423,438 |
| Q2 2023 | +12.7% | $338,005 |
| Q2 2025 | +3.2% | $309,588 |
Frequently asked questions
- How much have home prices gone up in Nebraska?
- FHFA HPI® data for Nebraska shows the all-transactions index changed +3.2% over the year to Q2 2026, +41.1% over five years, +91.4% over ten years, and +249% since Q1 1995.
- Is Nebraska appreciating faster than the national average?
- Over the past year Nebraska's index moved +0.2 pts versus the U.S. (+3.0%), ranking 28th of 51 states and D.C. Over five years the gap is −0.1 pts.
- Which ZIP codes in Nebraska are appreciating fastest?
- Over the past year the strongest of 13 3-digit ZIP regions in Nebraska was ZIP3 687 (Norfolk, NE area) at +3.9%, and the weakest was ZIP3 685 (Lincoln, NE area) at +2.0%. 10 of 13 beat the national one-year change.