Market Overview
Home Prices in Elsie, NE
The median home value in Elsie, NE is $240,797 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.7% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elsie are priced41% below average.
Over the past five years, Elsie home values have risen by approximately14.8%, reflecting steady appreciation in this market.
Price History
Elsie Home Price Trend
2020
$181,520
$182K
—
2021
$209,779
$210K
+15.6%
2022
$219,190
$219K
+4.5%
2023
$231,458
$231K
+5.6%
2024
$247,696
$248K
+7.0%
2025
$258,158
$258K
+4.2%
2026
$240,797
$241K
-6.7%
City Comparison
Elsie vs. National Median
🏠 Elsie
$240,797
National Median
$410,000
At $240,797, homes in Elsie cost 41% below the national median of $410,000. This makes Elsie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elsie?
20% Down Payment
$48,159
on $240,797
Monthly P&I
$1,256/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,595/mo
incl. taxes & insurance
Income Needed
$63,800
gross annual (30% rule)
10% Down Option
$24,080
+ PMI applies
Loan Amount (20% dn)
$192,638
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 Elsie, NE?
The median home value in Elsie is $240,797 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.7% year-over-year.
How much have home prices changed in Elsie?
Over the past year, home values in Elsie have decreased by 6.7%. Over five years, prices have risen approximately 14.8%.
How much do I need to earn to buy a home in Elsie?
To comfortably afford the median home price of $240,797 with a 20% down payment ($48,159) at today's rates (6.8%), you'd need a gross annual income of approximately $63,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Elsie compare to the national average home price?
The national median home value is approximately $410,000. At $240,797, homes in Elsie are 41% below the national average.