Beatrice, NE Housing Market

Market Overview

Beatrice, NE posts a PropertyIQ Score of 79 out of 100, placing it in a moderately strong position relative to the benchmarks provided. The median home value is $204,614, well below the state average of $282,767, which gives Beatrice a clear affordability advantage. At the same time, the median household income is $64,426, also below Nebraska’s $74,985 average, so local purchasing power is lower than the state-level figure. The unemployment rate is 2.9%, matching the state benchmark, while the rent index is $1,063, slightly above the state average of $1,035.

The score is driven most by home value momentum and listing conditions. The 12-month home value momentum is 7.89%, while the 3-month momentum is -0.31%, and the year-over-year home value change is -$15. Together, these figures show a market with a positive 12-month momentum reading but a nearly flat to slightly negative short-term price trend. Median days on market is 46 days, and 14.8% of listings have a price cut, suggesting balanced conditions rather than a sharp buyer’s or seller’s advantage.

Population growth is listed as N/A in the available data, so there is no direct demographic growth signal to factor into the market position. Based on the available metrics, Beatrice looks like a stable, affordability-focused market with recent price momentum leveling off.

Key Trends

Home price momentum is mixed. The 12-month momentum rate of 7.89% is the strongest price-related signal in the score, but the 3-month momentum of -0.31% and the year-over-year dollar change of -$15 indicate that recent price movement has flattened or reversed slightly. This pattern suggests that the annual gain shown by the 12-month figure is not carrying into the current quarter at the same pace.

Affordability relative to the state is a defining feature. The median home value in Beatrice is $204,614, compared with $282,767 statewide, while median household income is $64,426, compared with $74,985 statewide. The home price gap is wider than the income gap, meaning housing in Beatrice remains more attainable relative to local incomes than the statewide relationship would imply.

Rental economics are competitive with the state. Beatrice’s rent index is $1,063, modestly higher than Nebraska’s $1,035 average. Combined with lower median home values, this gives the market a rental income component that may attract investor attention, especially compared with the state’s higher-priced housing stock.

Listing conditions point to a balanced environment. The market has 72 homes for sale, a median days on market of 46 days, and 14.8% of listings with a price cut. These figures are top score drivers and indicate that homes are not moving extremely quickly, but they are not sitting for an unusually long time either. The price-cut share suggests some negotiation room without signaling a deeply distressed market.

Who Is This Market For

This market is well suited to first-time buyers and affordability-conscious households. The median home value of $204,614 is much lower than Nebraska’s $282,767, which can make homeownership more accessible even with the local median household income of $64,426. Balanced listing conditions—46 days on market and 14.8% of listings with price cuts—may give first-time buyers some room to negotiate without facing an extremely competitive bidding environment.

Investors may also find Beatrice worth a closer look. The rent index of $1,063 is slightly above the state average of $1,035, while the median home value is well below the state average. That combination can support rental income strategies, especially for investors seeking lower-priced single-family rental exposure outside Nebraska’s more expensive markets. The share of listings with price cuts adds a potential entry-point consideration.

The market is less clearly positioned for buyers looking for rapid price appreciation or high-end move-up inventory. The 3-month home value momentum of -0.31% and the year-over-year dollar change of -$15 do not point to fast short-term gains. However, with unemployment at 2.9% matching the state rate, Beatrice may appeal to local workers and households seeking stability at a lower price point.

Outlook

The outlook for Beatrice is one of measured stability with cooling price momentum. The 12-month home value momentum of 7.89% supports a positive annual trend, but the 3-month momentum of -0.31% and the year-over-year dollar change of -$15 indicate that near-term price growth has stalled or ticked down slightly. With 72 homes for sale, a median days on market of 46 days, and 14.8% of listings with a price cut, the market appears balanced, and neither sharp price gains nor steep declines are strongly indicated by the current data. The missing population growth figure limits longer-term demand analysis, but the available metrics point to a stable market that is likely to remain affordability-focused unless inventory or price-cut activity changes materially.