Market Overview
Home Prices in Newman Grove, NE
The median home value in Newman Grove, NE is $194,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newman Grove are priced52% below average. Newman Grove is part of the Norfolk, NE metro area.
Over the past five years, Newman Grove home values have risen by approximately20.3%, reflecting strong long-term appreciation in this market.
Price History
Newman Grove Home Price Trend
City Comparison
Newman Grove vs. National Median
At $194,754, homes in Newman Grove cost 52% below the national median of $410,000. This makes Newman Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newman Grove?
20% Down Payment
$38,951
on $194,754
Monthly P&I
$1,016/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,290/mo
incl. taxes & insurance
Income Needed
$51,600
gross annual (30% rule)
10% Down Option
$19,475
+ PMI applies
Loan Amount (20% dn)
$155,803
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 Newman Grove, NE?
The median home value in Newman Grove is $194,754 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Newman Grove?
Over the past year, home values in Newman Grove have increased by 4.9%. Over five years, prices have risen approximately 20.3%.
How much do I need to earn to buy a home in Newman Grove?
To comfortably afford the median home price of $194,754 with a 20% down payment ($38,951) at today's rates (6.8%), you'd need a gross annual income of approximately $51,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Newman Grove compare to the national average home price?
The national median home value is approximately $410,000. At $194,754, homes in Newman Grove are 52% below the national average.
What metro area is Newman Grove part of?
Newman Grove is part of the Norfolk, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.