Affordability evidence
Grand Island, NE home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Grand Island, NE.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The published evidence provides the starting point: In Grand Island, NE, the 2024 ACS reports a median owner-occupied home value of $218,600, median household income of $63,795, and median selected monthly owner costs of $1,613 for owners with a mortgage. In practical terms, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,613 measure combines recurring ownership expenses instead of real estate taxes alone. For the decision at hand, a useful affordability review starts with $218,600, $63,795, and $1,613, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Grand Island, NE's $218,600 median home-value estimate is below the statewide $238,600 estimate, with a reported city-to-state gap of 8.4%.