Market Overview
Home Prices in Red Cloud, NE
The median home value in Red Cloud, NE is $107,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.1% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Red Cloud are priced74% below average.
Over the past five years, Red Cloud home values have risen by approximately29.9%, reflecting strong long-term appreciation in this market.
Price History
Red Cloud Home Price Trend
2020
$69,825
$70K
—
2021
$82,605
$83K
+18.3%
2022
$99,432
$99K
+20.4%
2023
$103,737
$104K
+4.3%
2024
$112,653
$113K
+8.6%
2025
$111,869
$112K
-0.7%
2026
$107,279
$107K
-4.1%
City Comparison
Red Cloud vs. National Median
🏠 Red Cloud
$107,279
National Median
$410,000
At $107,279, homes in Red Cloud cost 74% below the national median of $410,000. This makes Red Cloud a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Red Cloud?
20% Down Payment
$21,456
on $107,279
Monthly P&I
$560/mo
30-yr @ 6.8%
Total Monthly Est.
~$711/mo
incl. taxes & insurance
Income Needed
$28,440
gross annual (30% rule)
10% Down Option
$10,728
+ PMI applies
Loan Amount (20% dn)
$85,823
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 Red Cloud, NE?
The median home value in Red Cloud is $107,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.1% year-over-year.
How much have home prices changed in Red Cloud?
Over the past year, home values in Red Cloud have decreased by 4.1%. Over five years, prices have risen approximately 29.9%.
How much do I need to earn to buy a home in Red Cloud?
To comfortably afford the median home price of $107,279 with a 20% down payment ($21,456) at today's rates (6.8%), you'd need a gross annual income of approximately $28,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Red Cloud compare to the national average home price?
The national median home value is approximately $410,000. At $107,279, homes in Red Cloud are 74% below the national average.