Market Overview
Home Prices in Wakefield, NE
The median home value in Wakefield, NE is $198,847 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wakefield are priced52% below average. Wakefield is part of the Sioux City, IA-NE-SD metro area.
Over the past five years, Wakefield home values have risen by approximately22.5%, reflecting strong long-term appreciation in this market.
Price History
Wakefield Home Price Trend
City Comparison
Wakefield vs. National Median
At $198,847, homes in Wakefield cost 52% below the national median of $410,000. This makes Wakefield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wakefield?
20% Down Payment
$39,769
on $198,847
Monthly P&I
$1,037/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,317/mo
incl. taxes & insurance
Income Needed
$52,680
gross annual (30% rule)
10% Down Option
$19,885
+ PMI applies
Loan Amount (20% dn)
$159,078
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 Wakefield, NE?
The median home value in Wakefield is $198,847 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Wakefield?
Over the past year, home values in Wakefield have increased by 5.4%. Over five years, prices have risen approximately 22.5%.
How much do I need to earn to buy a home in Wakefield?
To comfortably afford the median home price of $198,847 with a 20% down payment ($39,769) at today's rates (6.8%), you'd need a gross annual income of approximately $52,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Wakefield compare to the national average home price?
The national median home value is approximately $410,000. At $198,847, homes in Wakefield are 52% below the national average.
What metro area is Wakefield part of?
Wakefield is part of the Sioux City, IA-NE-SD metropolitan area. Home prices and market conditions can vary across the broader metro region.