Market Overview
Home Prices in Mullen, NE
The median home value in Mullen, NE is $145,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mullen are priced64% below average.
Over the past five years, Mullen home values have risen by approximately25.8%, reflecting strong long-term appreciation in this market.
Price History
Mullen Home Price Trend
2020
$91,553
$92K
—
2021
$115,864
$116K
+26.6%
2022
$126,153
$126K
+8.9%
2023
$138,873
$139K
+10.1%
2024
$135,695
$136K
-2.3%
2025
$133,193
$133K
-1.8%
2026
$145,758
$146K
+9.4%
City Comparison
Mullen vs. National Median
🏠 Mullen
$145,758
National Median
$410,000
At $145,758, homes in Mullen cost 64% below the national median of $410,000. This makes Mullen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mullen?
20% Down Payment
$29,152
on $145,758
Monthly P&I
$760/mo
30-yr @ 6.8%
Total Monthly Est.
~$965/mo
incl. taxes & insurance
Income Needed
$38,600
gross annual (30% rule)
10% Down Option
$14,576
+ PMI applies
Loan Amount (20% dn)
$116,606
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 Mullen, NE?
The median home value in Mullen is $145,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Mullen?
Over the past year, home values in Mullen have increased by 9.4%. Over five years, prices have risen approximately 25.8%.
How much do I need to earn to buy a home in Mullen?
To comfortably afford the median home price of $145,758 with a 20% down payment ($29,152) at today's rates (6.8%), you'd need a gross annual income of approximately $38,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Mullen compare to the national average home price?
The national median home value is approximately $410,000. At $145,758, homes in Mullen are 64% below the national average.