Market Overview
Home Prices in North Platte, NE
The median home value in North Platte, NE is $220,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Platte are priced46% below average. North Platte is part of the North Platte, NE metro area.
Over the past five years, North Platte home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
North Platte Home Price Trend
City Comparison
North Platte vs. National Median
At $220,376, homes in North Platte cost 46% below the national median of $410,000. This makes North Platte a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Platte?
20% Down Payment
$44,075
on $220,376
Monthly P&I
$1,149/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,459/mo
incl. taxes & insurance
Income Needed
$58,360
gross annual (30% rule)
10% Down Option
$22,038
+ PMI applies
Loan Amount (20% dn)
$176,301
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 North Platte, NE?
The median home value in North Platte is $220,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in North Platte?
Over the past year, home values in North Platte have increased by 7.1%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in North Platte?
To comfortably afford the median home price of $220,376 with a 20% down payment ($44,075) at today's rates (6.8%), you'd need a gross annual income of approximately $58,360. This assumes keeping total housing costs at or below 30% of gross income.
How does North Platte compare to the national average home price?
The national median home value is approximately $410,000. At $220,376, homes in North Platte are 46% below the national average.
What metro area is North Platte part of?
North Platte is part of the North Platte, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.