Market Overview
Home Prices in Arapahoe, NE
The median home value in Arapahoe, NE is $159,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arapahoe are priced61% below average. Arapahoe is part of the Lexington, NE metro area.
Over the past five years, Arapahoe home values have risen by approximately1.6%, reflecting modest growth in this market.
Price History
Arapahoe Home Price Trend
2020
$132,861
$133K
—
2021
$156,727
$157K
+18.0%
2022
$167,645
$168K
+7.0%
2023
$159,688
$160K
-4.7%
2024
$161,133
$161K
+0.9%
2025
$157,776
$158K
-2.1%
2026
$159,290
$159K
+1.0%
City Comparison
Arapahoe vs. National Median
🏠 Arapahoe
$159,290
National Median
$410,000
At $159,290, homes in Arapahoe cost 61% below the national median of $410,000. This makes Arapahoe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Arapahoe?
20% Down Payment
$31,858
on $159,290
Monthly P&I
$831/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,055/mo
incl. taxes & insurance
Income Needed
$42,200
gross annual (30% rule)
10% Down Option
$15,929
+ PMI applies
Loan Amount (20% dn)
$127,432
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Arapahoe, NE?
The median home value in Arapahoe is $159,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Arapahoe?
Over the past year, home values in Arapahoe have increased by 1%. Over five years, prices have risen approximately 1.6%.
How much do I need to earn to buy a home in Arapahoe?
To comfortably afford the median home price of $159,290 with a 20% down payment ($31,858) at today's rates (6.8%), you'd need a gross annual income of approximately $42,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Arapahoe compare to the national average home price?
The national median home value is approximately $410,000. At $159,290, homes in Arapahoe are 61% below the national average.
What metro area is Arapahoe part of?
Arapahoe is part of the Lexington, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.