Market Overview
Home Prices in Merna, NE
The median home value in Merna, NE is $175,768 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Merna are priced57% below average.
Price History
Merna Home Price Trend
2022
$159,491
$159K
—
2023
$162,582
$163K
+1.9%
2024
$161,232
$161K
-0.8%
2025
$164,001
$164K
+1.7%
2026
$175,768
$176K
+7.2%
City Comparison
Merna vs. National Median
🏠 Merna
$175,768
National Median
$410,000
At $175,768, homes in Merna cost 57% below the national median of $410,000. This makes Merna a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Merna?
20% Down Payment
$35,154
on $175,768
Monthly P&I
$917/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,165/mo
incl. taxes & insurance
Income Needed
$46,600
gross annual (30% rule)
10% Down Option
$17,577
+ PMI applies
Loan Amount (20% dn)
$140,614
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 Merna, NE?
The median home value in Merna is $175,768 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Merna?
Over the past year, home values in Merna have increased by 7.2%.
How much do I need to earn to buy a home in Merna?
To comfortably afford the median home price of $175,768 with a 20% down payment ($35,154) at today's rates (6.8%), you'd need a gross annual income of approximately $46,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Merna compare to the national average home price?
The national median home value is approximately $410,000. At $175,768, homes in Merna are 57% below the national average.