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Lancaster County, NE

RANK #311 / 996  ·  POP 322,063  ·  NE

PROJECTED GROWTH: +1.5%

Lancaster County combines solid growth with real affordability — a rare combination.

[01] Why Lancaster County?

Lancaster County, Nebraska, stands out for its unique saline wetlands, a rare ecosystem stretching along Salt Creek north of Lincoln. This east-central Nebraska county, home to the state capital, Lincoln, offers a blend of urban amenities and rural landscapes. Commuting within the county is generally efficient, with an average travel time of 19 minutes, and public transit options are available, including door-to-door rural transportation. The community provides extensive outdoor recreation, from hiking and biking on trails like the MoPac East and Oak Creek Trails to water activities at Branched Oak Lake.

Life in Lancaster County appeals to a mix of families and young professionals, many of whom own their homes. The public school system, including Lincoln Public Schools and Norris School District, is highly rated. The economy is diverse, with agriculture remaining a significant sector, particularly in the outer towns like Denton and Hallam, which feature grain elevators. Beyond agriculture, the county sees ongoing investment in infrastructure and technology, reflecting a broader economic evolution.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+4.2%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lancaster County U.S. National

The Numbers

DEMOGRAPHICS
Population
322,063
+0.55% YoY
Median Household Income
$70,387
Median Home Value
$239,900
+4.17% 12mo
Median Rent
$997
Average Annual Pay
$59,332
+3.9% YoY
Employment
175,346
+1.1% YoY
Income-to-Home-Value
0.2934
More affordable than average
Migration Inflow
3.72%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$310,364
Days on Market
57
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
100.4%
Homes selling above asking
Sold Above List
60.6%
Listings w/ Price Drops
13.0%
Building Permits (2024)
1,935
Single-Family Permits
1,024

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,476M
TOTAL
PROJECT AMOUNT STATUS
Sheldon Station Expansion (Princeton Road Station Project)
Nebraska Public Power District (NPPD)
$1,500M Planned
Panama Energy Center (Solar & Battery Storage)
NextEra Energy Resources, LLC (subsidiary)
$599M Proposed
Google Lincoln Hyperscale Campus - Phase 1
Google
$500M Planned
Lancaster Battery/Storage (Combined Projects)
Sophos Power
$450M Planned
Salt Creek Solar Project
Ranger Power
$230M Approved
Missouri River Water Pipeline
Lancaster County
$197M In Development

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 56 percentile
Population Growth +0.6% 55 percentile
Income Growth +8.1% 40 percentile
Vacancy Rate 0.8% 70 percentile
Home Price Change +4.2% 85 percentile
Rent Growth +2.1% 36 percentile
Price/Rent 16x 30 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lancaster County, NE a good place to move to?

Lancaster County has a Boom Town Index score of 69/100, ranking #311 among 996 U.S. counties. With job growth at +1.1% and a median household income of $70,387, it's an above-average county on economic indicators.

Is Lancaster County affordable?

The median home value in Lancaster County is $239,900 with median rent at $997/month. The income-to-home-value ratio is 0.2934, which is more affordable than the national average.

Is Lancaster County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +1.1%. Home values changed +4.2% in the past 12 months.

Are people moving to Lancaster County?

Yes — 3.72% of Lancaster County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Calhoun County, MI 79 Columbia County, NY 79 Jefferson County, NY 79 Racine County, WI 79 Lawrence County, OH 79 Adams County, PA 79 Rockland County, NY 79 Leavenworth County, KS 79