The story of this market
The typical home in Phelps County, Nebraska sells for about $232,000, or $82 per square foot.
Prices are up +93.3% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. Over the long run, values in this county have grown 159% since 2000. The biggest natural hazard here is hail, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+0.2%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+22.1%). Worst: 2009 (-2.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.2%
NE · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,370
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.2%
2025 change
FHFA repeat-sales index, median of 3 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
76
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $17,353,217.
Mortgage activity
Home lending in this county
77.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 265 | 159 | 77.6% | 14.3% | $145,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Phelps County, Nebraska
The Phelps County housing market is characterized by very low transaction volume, with only two closed sales reported in the most recent period. While median prices show significant volatility, the market remains small and rural, with limited inventory and a long-term population decline.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 3 ZIP reports
Median prices moved up 0.1% year over year.
Homes spend a median of 2 days on market with 0.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 3.54% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 0.0% — a stable, low-distress profile.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 28
researched Sep 28
researched Sep 28
| 68923 | Atlanta | $81,250 | — | — | — | — | — | — | — | $1,014 | researched Sep 28 |
| 68927 | Bertrand | $178,500 | $52 | — | 31 | 98.3% | — | 1 | 1 | $717 | researched Sep 28 |
| 68949 | Holdrege | $218,000 | $115 | +2.4% | 62 | 97.5% | 12% | 5.1 | 20 | $810 | researched Sep 28 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Phelps County is an agriculturally oriented economy with a legacy of productive farming and historic downtown business districts.
Property taxes are administered by the county; specific rate structures and exemptions are managed through the Phelps County assessor's office.
The economy is primarily driven by agriculture, with productive output reflected in a GDP per capita of $87,784.
- Big Apple Fun Center4.323.2 mi
- Axe Holes525.2 mi
- Younes Conference Center South4.723 mi
- Kirk's Nebraskaland Restaurant4.122.8 mi
- Viaero Center4.422.7 mi
- Axe Holes525.2 mi
- Nebraska Prairie Museum4.84.4 mi
- Gutterz Fun Center4.35.2 mi
- Holdrege Sun Theater and Event Venue4.75.7 mi
- Fort Kearny State Historical Park4.125.9 mi
- Pioneer Village4.626.6 mi
- Heartland Museum of Military Vehicles4.822.8 mi
- Kearney Area Children's Museum4.725.6 mi
- MONA4.624.4 mi
- North Park Lake4.75.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Data sourced from US Census Bureau QuickFacts and FDI Connect.
applies when — Applies to qualified claimants including certain veterans, individuals with disabilities, and low-income seniors based on income and property value thresholds.
Provides a reduction or exemption of property taxes on the primary residence (homestead) of qualified individuals. The specific exemption amount is determined by income brackets and disability status as defined in state statutes.
Neb. Rev. Stat. §§ 77-3501 to 77-3530.
Real property is assessed at or near 100% of actual value, except for agricultural and horticultural land, which is assessed at 75% of actual value. Agricultural land is assessed at 50% of actual value for school bond tax purposes. Taxes are calculated by applying local mill levies to the assessed value.
Nebraska Constitution Article VIII; Neb. Rev. Stat. § 77-1344; 2025 Property Assessment Division Annual Report.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.