Grand Island, NE home prices
Typical home $255,025 · -0.0% in a year · income needed $76,900
The Grand Island, NE metro area ranks 437 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.0% in a year and +24.2% over five years. With 20% down at 7.11%, the typical home costs about $1,795 a month including 1.39% property tax (Hall County rate).
Mortgage on the typical Grand Island home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,005 | $204,020 | $1,372 | $0 | $423 | $1,795 | $76,900 |
| 10% down | $25,502 | $229,522 | $1,544 | $96 | $423 | $2,062 | $88,400 |
| 5% down | $12,751 | $242,274 | $1,630 | $101 | $423 | $2,153 | $92,300 |
| 3.5% down (FHA) | $8,926 | $250,406 | $1,684 | $113 | $423 | $2,220 | $95,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.39% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Grand Island area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hall County, NE | $255,979 | -0.5% | 1.39% |
| Merrick County, NE | $228,260 | +2.7% | 1.3% |
| Howard County, NE | $280,528 | +4.3% | 1.16% |
What can you afford in Nebraska on your salary? · Nebraska home prices · Salaries in Nebraska
Frequently asked questions
How much is a house in Grand Island?
The typical home in the Grand Island, NE metro area is worth $255,025 (Zillow, September 2026).
What salary do you need to buy a house in Grand Island?
About $76,900 a year for the typical home with 20% down at 7.11%.