Market Overview
Home Prices in Gering, NE
The median home value in Gering, NE is $217,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gering are priced47% below average. Gering is part of the Scottsbluff, NE metro area.
Over the past five years, Gering home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Gering Home Price Trend
City Comparison
Gering vs. National Median
At $217,706, homes in Gering cost 47% below the national median of $410,000. This makes Gering a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gering?
20% Down Payment
$43,541
on $217,706
Monthly P&I
$1,135/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,441/mo
incl. taxes & insurance
Income Needed
$57,640
gross annual (30% rule)
10% Down Option
$21,771
+ PMI applies
Loan Amount (20% dn)
$174,165
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 Gering, NE?
The median home value in Gering is $217,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Gering?
Over the past year, home values in Gering have increased by 4.1%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Gering?
To comfortably afford the median home price of $217,706 with a 20% down payment ($43,541) at today's rates (6.8%), you'd need a gross annual income of approximately $57,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Gering compare to the national average home price?
The national median home value is approximately $410,000. At $217,706, homes in Gering are 47% below the national average.
What metro area is Gering part of?
Gering is part of the Scottsbluff, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.