Market Overview
Home Prices in Ogallala, NE
The median home value in Ogallala, NE is $231,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ogallala are priced44% below average.
Over the past five years, Ogallala home values have risen by approximately45.0%, reflecting strong long-term appreciation in this market.
Price History
Ogallala Home Price Trend
2020
$139,682
$140K
—
2021
$159,680
$160K
+14.3%
2022
$189,293
$189K
+18.5%
2023
$196,139
$196K
+3.6%
2024
$208,363
$208K
+6.2%
2025
$212,429
$212K
+2.0%
2026
$231,608
$232K
+9.0%
City Comparison
Ogallala vs. National Median
🏠 Ogallala
$231,608
National Median
$410,000
At $231,608, homes in Ogallala cost 44% below the national median of $410,000. This makes Ogallala a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ogallala?
20% Down Payment
$46,322
on $231,608
Monthly P&I
$1,208/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,534/mo
incl. taxes & insurance
Income Needed
$61,360
gross annual (30% rule)
10% Down Option
$23,161
+ PMI applies
Loan Amount (20% dn)
$185,286
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 Ogallala, NE?
The median home value in Ogallala is $231,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Ogallala?
Over the past year, home values in Ogallala have increased by 9%. Over five years, prices have risen approximately 45.0%.
How much do I need to earn to buy a home in Ogallala?
To comfortably afford the median home price of $231,608 with a 20% down payment ($46,322) at today's rates (6.8%), you'd need a gross annual income of approximately $61,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Ogallala compare to the national average home price?
The national median home value is approximately $410,000. At $231,608, homes in Ogallala are 44% below the national average.