Market Overview
Home Prices in Hay Springs, NE
The median home value in Hay Springs, NE is $155,935 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hay Springs are priced62% below average.
Over the past five years, Hay Springs home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Hay Springs Home Price Trend
2020
$103,866
$104K
—
2021
$120,524
$121K
+16.0%
2022
$135,741
$136K
+12.6%
2023
$142,223
$142K
+4.8%
2024
$152,095
$152K
+6.9%
2025
$155,901
$156K
+2.5%
2026
$155,935
$156K
+0.0%
City Comparison
Hay Springs vs. National Median
🏠 Hay Springs
$155,935
National Median
$410,000
At $155,935, homes in Hay Springs cost 62% below the national median of $410,000. This makes Hay Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hay Springs?
20% Down Payment
$31,187
on $155,935
Monthly P&I
$813/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,033/mo
incl. taxes & insurance
Income Needed
$41,320
gross annual (30% rule)
10% Down Option
$15,594
+ PMI applies
Loan Amount (20% dn)
$124,748
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 Hay Springs, NE?
The median home value in Hay Springs is $155,935 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Hay Springs?
Over the past year, home values in Hay Springs have increased by 0%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Hay Springs?
To comfortably afford the median home price of $155,935 with a 20% down payment ($31,187) at today's rates (6.8%), you'd need a gross annual income of approximately $41,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Hay Springs compare to the national average home price?
The national median home value is approximately $410,000. At $155,935, homes in Hay Springs are 62% below the national average.