Grand Island housing market
Typical home value
$255K
■ 0.0% 1 yr
Typical rent
$1,340/mo
▲ 1.7% 1 yr
12-month forecast
+2.6%
#193 of 546 metros
Gross rent yield
6.3%
#215 of 546 · U.S. 6.3%
Listings with a price cut
23%
▼ −6.2 pts 1 yr
Key takeaways
- 1The typical home is worth $255,025, down 0.0% in a year and up 24% over five years.
- 2Zillow forecasts home values rising 2.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,340/mo (+1.7% YoY), a 6.3% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,401/mo in principal and interest, $61 more than renting.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #283 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Grand Island compares
| Measure | Grand Island | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −0.0% | +1.2% | #458 |
| Home value, 5-yr change | +24.2% | +19.7% | |
| 12-month forecast | +2.6% | +1.1% | #193 |
| Rent, 1-yr change | +1.7% | +2.7% | #429 |
| Gross rent yield | 6.3% | 6.3% | #215 |
| Price-to-rent ratio | 15.9 | 15.8 | |
| Mortgage P&I on typical home | $1,401 | $2,012 | |
| Income needed to buy | $75,881 | $100,902 |
Cities in the Grand Island metro
1 cities with home value and rent data.
| Grand Island | $253K | ▼ 0.7% | $1,342 | ▲ 1.7% | 6.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Grand Island rental ($255K, $1,340/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Grand Island home.
Rent vs buy
Is it cheaper to rent or buy in Grand Island?
Other Nebraska metros
Omaha, NE
$306K home$1,398 rent5.5% yield
▲ 2.7% 1 yr
Lincoln, NE
$301K home$1,281 rent5.1% yield
▲ 3.1% 1 yr
Kearney, NE
$299K home$1,686 rent6.8% yield
▲ 6.3% 1 yr
Fremont, NE
$240K home$1,203 rent6.0% yield
▲ 3.5% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.