Department of Numbers

Nebraska Residential Rent and Rental Statistics

The median monthly gross residential rent in Nebraska was $750 in 2015 according to the Census ACS survey.1 Average gross rent was $768 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Nebraska median and average rent data will be released in September of 2017.

Data is also available below for Nebraska rental vacancy rates, Nebraska rent as a percent of median income and the fraction of renters in Nebraska.

Show dollars as: Nominal Real

Real Gross Rent in Nebraska (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Nebraska Median Gross Rent $750 +1.63% +8.07%

Nebraska Real Gross Rent Trends

At $750, real median gross rent in Nebraska was at its highest level in 2015 since the series began in 2005. At $768, real average gross rent in Nebraska was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Nebraska: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Nebraska

Date US Median Nebraska Median Nebraska Average
2015 $959 $750 $768
2014 $930 $738 $746
2013 $898 $709 $726
2012 $886 $694 $699
2011 $887 $685 $696
2010 $901 $705 $709
2009 $905 $692 $684
2008 $920 $699 $697
2007 $874 $680 $673
2006 $883 $686 $686
2005 $858 $671 $672

Nebraska Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Nebraska was 5.65% according to Census ACS data.

Rental Vacancy Rate in Nebraska

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Nebraska 5.65% -0.15% -0.32%

Trends in Nebraska Rental Vacancy Rate

The rental vacancy rate in Nebraska peaked in 2007 at 8.80%. Since then it has fallen by 3.15% to 5.65%. Data records for this series originated in 2005. From a 2013 post peak low of 5.60%, the rental vacancy rate has increased by 0.05%.

Rental Vacancy Rate: Nebraska, US

Rental vacancy rate in Nebraska

Historical Rental Vacancy Rate data for Nebraska

Date US Nebraska
2015 5.85% 5.65%
2014 6.32% 5.80%
2013 6.49% 5.60%
2012 6.77% 5.97%
2011 7.40% 6.44%
2010 8.17% 6.54%
2009 8.43% 7.43%
2008 7.86% 8.15%
2007 7.87% 8.80%
2006 7.70% 7.63%
2005 7.74% 8.14%

Nebraska Rent as a Fraction of Income

Using median household income data for Nebraska, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nebraska, median monthly gross rent as a fraction of median household income was 16.36% in 2015 according to the ACS.

Nebraska Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Nebraska 16.36% -0.54% -0.01%

Trends in Nebraska Rent as a Fraction of Income

The fraction of median Nebraska household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 16.90%. Since then it has fallen by 0.54% to 16.36%.

Fraction of Income towards Rent: Nebraska, US

Percent of median household income going towards median monthly gross rent in Nebraska

Historical Data for Annual Rent as a Fraction of Income in Nebraska

Date US Nebraska
2015 20.63% 16.36%
2014 20.89% 16.90%
2013 20.78% 16.66%
2012 20.65% 16.37%
2011 20.70% 16.06%
2010 20.50% 16.58%
2009 20.12% 16.32%
2008 19.00% 15.12%
2007 18.66% 15.65%
2006 18.90% 15.65%
2005 18.89% 15.57%

Renter Fraction in Nebraska

You can calculate the renter fraction in Nebraska in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Nebraska as a fraction of total Nebraska households. In 2015 34.10% of households were renters according to Census ACS data.

Nebraska Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Nebraska 34.10% +0.04% +0.44%

Trends in the Nebraska Renter Fraction

At 34.10%, the 2015 household based renter fraction in Nebraska was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Nebraska, US

Fraction of renters in Nebraska

History of Nebraska Renter Fraction

Date US Nebraska
2015 36.97% 34.10%
2014 36.90% 34.06%
2013 36.50% 33.96%
2012 36.09% 33.66%
2011 35.42% 33.09%
2010 34.65% 32.62%
2009 34.13% 32.76%
2008 33.36% 30.70%
2007 32.80% 31.24%
2006 32.73% 32.10%
2005 33.10% 31.76%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.