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Lancaster County, NE

Lincoln

RANK #331 / 996 NAT  ·  POP 322,063

1YR FORECAST: +1.6%

5YR OUTLOOK: +28%

Our model projects above-average housing market growth for Lancaster County at +1.6% over the next year.

[01] Why Lancaster County?

Lancaster County, Nebraska, stands out for its unique saline wetlands, a rare ecosystem stretching along Salt Creek north of Lincoln. This east-central Nebraska county, home to the state capital, Lincoln, offers a blend of urban amenities and rural landscapes. Commuting within the county is generally efficient, with an average travel time of 19 minutes, and public transit options are available, including door-to-door rural transportation. The community provides extensive outdoor recreation, from hiking and biking on trails like the MoPac East and Oak Creek Trails to water activities at Branched Oak Lake.

Life in Lancaster County appeals to a mix of families and young professionals, many of whom own their homes. The public school system, including Lincoln Public Schools and Norris School District, is highly rated. The economy is diverse, with agriculture remaining a significant sector, particularly in the outer towns like Denton and Hallam, which feature grain elevators. Beyond agriculture, the county sees ongoing investment in infrastructure and technology, reflecting a broader economic evolution.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+4.2%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Lincoln Public Schools Education
    5,000+
  2. 2
    State of Nebraska Government
  3. 3
    University of Nebraska Education
  4. 4
    BryanLGH Medical Center Healthcare
    2,500+
  5. 5
    City of Lincoln Government
    1,000+
  6. 6
    Nelnet Inc. Finance
  7. 7
    Kawasaki Motors Manufacturing Corp. USA Manufacturing
  8. 8
    Lancaster County Government
  9. 9
    Madonna Rehabilitation Hospital Healthcare
  10. 10
    Molex Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lancaster County U.S. National

The Numbers

DEMOGRAPHICS
Population
322,063
+0.55% YoY
Median Household Income
$70,387
Median Home Value
$239,900
+4.17% 12mo
Median Rent
$997
Average Annual Pay
$59,332
+3.9% YoY
Employment
175,346
+1.1% YoY
Income-to-Home-Value
0.2934
More affordable than average
Migration Inflow
3.72%
of pop. from another state
Bachelor's Degree+
40.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$310,364
Days on Market
57
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
100.4%
Homes selling above asking
Sold Above List
60.6%
Listings w/ Price Drops
13.0%
Building Permits (2024)
1,935
Single-Family Permits
1,024

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.4
per 100K · nat avg 6.3
Firearm Fatalities
8.3
per 100K · nat avg 14.8
Injury Deaths
53.8
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
38.7
Good
Good Air Days
84%
701 of 836 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
37
2022
37
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,476M
TOTAL
PROJECT AMOUNT STATUS
Sheldon Station Expansion (Princeton Road Station Project)
Nebraska Public Power District (NPPD)
$1,500M Planned
Panama Energy Center (Solar & Battery Storage)
NextEra Energy Resources, LLC (subsidiary)
$599M Proposed
Google Lincoln Hyperscale Campus - Phase 1
Google
$500M Planned
Lancaster Battery/Storage (Combined Projects)
Sophos Power
$450M Planned
Salt Creek Solar Project
Ranger Power
$230M Approved
Missouri River Water Pipeline
Lancaster County
$197M In Development

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.0% 56 percentile
Population Growth +0.6% 55 percentile
Income Growth +8.1% 40 percentile
Vacancy Rate 0.8% 70 percentile
Home Price Change +4.2% 85 percentile
Rent Growth +2.1% 36 percentile
Price/Rent 16x 30 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Lancaster County, NE a good place to move to?

With a Boom Town Index score of 66/100, Lancaster County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.1%, and median household income stands at $70,387 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NE.

Is Lancaster County affordable?

Housing in Lancaster County is roughly in line with national affordability norms. The median home costs $239,900 and the income-to-home-value ratio sits at 0.29, with rents averaging $997/month. Not a bargain, but not a stretch for most local earners either.

Is Lancaster County growing or shrinking?

Lancaster County is growing on multiple fronts. Population is up +0.6% year-over-year while employers added jobs at a +1.1% clip — and home values reflect that momentum, rising +4.2% over the past 12 months.

Are people moving to Lancaster County?

There's a moderate stream of newcomers. About 3.72% of residents moved from another state, which is above average and suggests Lancaster County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Hall County, NE 66 Douglas County, NE 58 Sarpy County, NE 52 Buffalo County, NE 87 Weber County, UT 66 Harrison County, MS 66 Gloucester County, NJ 65 Ottawa County, MI 65