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Advertise here →Central City, NE · Market Data
Central City, Nebraska real estate market data.
Real estate market data for Central City, NE (Merrick County) — Census median home value $158,300, county listing prices up about 5.2% over the past year.
Central City, NE is in Merrick County, Nebraska — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,039, with a median household income of $62,012. Census data puts Central City's median home value at $158,300.
At a glance
Central City market snapshot
Population
3,039
Median Household Income
$62,012
Median Home Value (city)
$158,300
Median Gross Rent
$729/mo
Price Trend (YoY)
+5.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Central City different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Central City's median home value — across all owner-occupied homes, not just recent sales — at $158,300.
County Price Trend
Merrick County's FHFA house price index shows a 5.23% annual change in 2025.
Population & Income
Central City has an estimated population of 3,039 and a median household income of $62,012, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Central City's Census-reported median home value works out to about 2.6x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Central City FAQ
What are home values like in Central City, NE?
The Census Bureau's American Community Survey puts Central City's median home value at $158,300.
What is the population of Central City, NE?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Central City's population at approximately 3,039.
What's the median rent in Central City, NE?
The Census ACS estimates median gross rent in Central City at approximately $729 per month.
What is the median household income in Central City, NE?
Census ACS data puts the median household income in Central City at approximately $62,012.
Is the Central City housing market growing?
Merrick County's FHFA house price index shows a 5.23% annual change in 2025.
Is Central City, NE affordable relative to income?
Census ACS data puts Central City's median home value at about 2.6 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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