Market Overview
Home Prices in Ericson, NE
The median home value in Ericson, NE is $251,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ericson are priced39% below average.
Over the past five years, Ericson home values have risen by approximately11.3%, reflecting steady appreciation in this market.
Price History
Ericson Home Price Trend
2021
$225,829
$226K
—
2022
$265,625
$266K
+17.6%
2023
$266,659
$267K
+0.4%
2024
$261,108
$261K
-2.1%
2025
$252,801
$253K
-3.2%
2026
$251,243
$251K
-0.6%
City Comparison
Ericson vs. National Median
🏠 Ericson
$251,243
National Median
$410,000
At $251,243, homes in Ericson cost 39% below the national median of $410,000. This makes Ericson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ericson?
20% Down Payment
$50,249
on $251,243
Monthly P&I
$1,310/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,664/mo
incl. taxes & insurance
Income Needed
$66,560
gross annual (30% rule)
10% Down Option
$25,124
+ PMI applies
Loan Amount (20% dn)
$200,994
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 Ericson, NE?
The median home value in Ericson is $251,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Ericson?
Over the past year, home values in Ericson have decreased by 0.6%. Over five years, prices have risen approximately 11.3%.
How much do I need to earn to buy a home in Ericson?
To comfortably afford the median home price of $251,243 with a 20% down payment ($50,249) at today's rates (6.8%), you'd need a gross annual income of approximately $66,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Ericson compare to the national average home price?
The national median home value is approximately $410,000. At $251,243, homes in Ericson are 39% below the national average.