Kearney real estate market overview
- Average Monthly Rent: $1,295
- Home Price/Value Percentage Change: 4.40%
- Median Home Value: $275,048
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 33
- Job Market: Weak
- Public School Ranking: 9
Location and weather
Kearney is a city in south-central Nebraska, mainly known as an agriculture center. It lies on the north bank of the Platte River, about 130 miles west of Lincoln. 130 miles west of the state capital Lincoln, Kearney Nebraska is home to many parks, monuments and museums. Kearney has several museums ranging from cars and art, to history.
The town is located right above the Platte river, where there are many opportunities for boating, fishing and water recreation. For 6 weeks in late February to early April, more than 80% of the world's population of Sandhill Cranes converges on Nebraska's Platte River, making Kearney the Sandhill Crane Capital of the world.
In Kearney, the summers are warm and mostly clear, while the winters are dry, windy, and partly cloudy. The summer temperatures are in the 80's, with lows in the mid-60's. The winter temperatures are in the mid to upper 30's, with lows in the teens.
Population, job market and cost of living
Kearney's population in 2023 is 34,690, with a growth rate of 0.87%.
The job growth has decreased by -2.93% over the last year and in ten years, is predicted to have increased by 30.14%.The major industries are in manufacturing, healthcare, social assistance and retail trade. The largest employers are Buckle, Baldwin Filters, Cash-Wa Distributing, University of Nebraska at Kearney and Nebraska Beef Council.
The cost of living is moderate, due to the Kearney real estate market and cost of available housing. With historical and cultural museums, family-friendly activities, ecotours, good job growth, diverse industries and a low cost of living, Kearney will continue to attract those that want to live and work by the river.
Kearney real estate market details
- Glenwood Park
- Kearney West
- Kearney South
There has been a 4.4% increase in median home value over the last year. As of 2023, the median home value is $275,048.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in May.
The affordability index in Kearney is 90. This number indicates moderate affordability in this city.
The top ranked public schools are Meadowlark Elementary School, Park Elementary School, Windy Hills Elementary School, Buffalo Hills Elementary School and Horizon Middle School. This information is based on data measuring academic performance and equity.