Market Overview
Home Prices in Ravenna, NE
The median home value in Ravenna, NE is $230,806 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ravenna are priced44% below average. Ravenna is part of the Kearney, NE metro area.
Over the past five years, Ravenna home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Ravenna Home Price Trend
City Comparison
Ravenna vs. National Median
At $230,806, homes in Ravenna cost 44% below the national median of $410,000. This makes Ravenna a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ravenna?
20% Down Payment
$46,161
on $230,806
Monthly P&I
$1,204/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,529/mo
incl. taxes & insurance
Income Needed
$61,160
gross annual (30% rule)
10% Down Option
$23,081
+ PMI applies
Loan Amount (20% dn)
$184,645
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 Ravenna, NE?
The median home value in Ravenna is $230,806 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Ravenna?
Over the past year, home values in Ravenna have increased by 6.9%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Ravenna?
To comfortably afford the median home price of $230,806 with a 20% down payment ($46,161) at today's rates (6.8%), you'd need a gross annual income of approximately $61,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Ravenna compare to the national average home price?
The national median home value is approximately $410,000. At $230,806, homes in Ravenna are 44% below the national average.
What metro area is Ravenna part of?
Ravenna is part of the Kearney, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.