Market Overview
Home Prices in Elm Creek, NE
The median home value in Elm Creek, NE is $250,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elm Creek are priced39% below average. Elm Creek is part of the Kearney, NE metro area.
Over the past five years, Elm Creek home values have risen by approximately38.9%, reflecting strong long-term appreciation in this market.
Price History
Elm Creek Home Price Trend
City Comparison
Elm Creek vs. National Median
At $250,178, homes in Elm Creek cost 39% below the national median of $410,000. This makes Elm Creek a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elm Creek?
20% Down Payment
$50,036
on $250,178
Monthly P&I
$1,305/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,657/mo
incl. taxes & insurance
Income Needed
$66,280
gross annual (30% rule)
10% Down Option
$25,018
+ PMI applies
Loan Amount (20% dn)
$200,142
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 Elm Creek, NE?
The median home value in Elm Creek is $250,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Elm Creek?
Over the past year, home values in Elm Creek have increased by 5%. Over five years, prices have risen approximately 38.9%.
How much do I need to earn to buy a home in Elm Creek?
To comfortably afford the median home price of $250,178 with a 20% down payment ($50,036) at today's rates (6.8%), you'd need a gross annual income of approximately $66,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Elm Creek compare to the national average home price?
The national median home value is approximately $410,000. At $250,178, homes in Elm Creek are 39% below the national average.
What metro area is Elm Creek part of?
Elm Creek is part of the Kearney, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.