New Listing
7
$150,000
816 S Kimball St
Grand Island, NE 68801
3 bd1 ba845 sqft$178/ft²
House6,795 sqft lot
Pamela Fieldgrove · Nebraska Realty
View photos & details
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Grand Island, NE Housing Market
Seller's market-1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Grand Island, NE is worth $253,838, fell 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $282,000, +5.8% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 27 days, Grand Island is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $253,838 home is about $1,355/mo in principal and interest.
Key numbers for Grand Island, NE
Typical home value
$253,838
-1.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,322/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$282,000
+5.8% year over year
Redfin, through May 2026
Days on market
27
Average pace
Redfin, through May 2026
Active listings
111
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$62,439
Home costs 4.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Grand Island a buyer's or seller's market?
Seller's market2.1 months of supply27 days on market98.3% of asking
Grand Island, NE is a seller's market, based on 2.1 months of supply and homes selling in about 27 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Grand Island housing market data show?
Every row below is Redfin's final published month for Grand Island, NE. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $282,000 |
| Median list price | $289,950 |
| Year-over-year price change | +5.8% |
| Median price per sq ft | $125/sq ft |
| Median days on market | 27 days |
| Active inventory | 111 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 53 |
| New listings (that month) | 48 |
| Listings with a price cut | 24.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Grand Island is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Grand Island is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Grand Island home prices moved?
Over the last three years the median sale price in Grand Island, NE rose 10.6%, from $255,000 to $282,000. The live Zillow value series has fell 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 24.3% of Grand Island listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 98.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Grand Island?
Priced off the typical home value of $253,838 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $50,768 | $203,070 | $1,355/mo |
| 5% | $12,692 | $241,146 | $1,609/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,355, that implies roughly $58,077 a year before you add taxes and insurance. The median household in Grand Island earns $62,439, about $4,362 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.1x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Grand Island in the next 12 months?
Tell us your timeline. We send the Grand Island market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Grand Island?
Typical asking rent in Grand Island, NE is $1,322/mo, against a typical home value of $253,838. That is a price-to-rent ratio of 16.0x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,355 a month — $33 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Grand Island?
Active listings in Grand Island, NE went from 110 in May 2025 to 111 in May 2026, a +0.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 145 | 75 |
| July 2025 | 150 | 56 |
| August 2025 | 148 | 53 |
| September 2025 | 138 | 46 |
| October 2025 | 149 | 60 |
| November 2025 | 160 | 48 |
| December 2025 | 136 | 20 |
| January 2026 | 128 | 40 |
| February 2026 | 128 | 34 |
| March 2026 | 141 | 67 |
| April 2026 | 123 | 54 |
| May 2026 | 111 | 48 |
Redfin, through May 2026
How does Grand Island compare to Nebraska and the U.S.?
Grand Island homes sell for $282,000 — 12% below the Nebraska median of $319,100. Against the national median of $410,700, Grand Island runs 31% lower. Year-over-year, Grand Island moved +5.8% against Nebraska's +2.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Grand Island, NE | $282,000 | +5.8% | 27 days |
| Nebraska statewide | $319,100 | +2.8% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Grand Island
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 24.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $254 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $253,838 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Grand Island listing goes under contract in 27 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Grand Island added 48 new listings against 53 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Grand Island varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Grand Island
There are currently 111 homes listed for sale in Grand Island, Nebraska. The median listing price is $290K. Featured listings range from $150,000 to $525,000.
New Listing
13
$169,600
2320 W 1st St
Grand Island, NE 68803
2 bd1 ba768 sqft$221/ft²
House6,970 sqft lot
Eric Free · Nebraska Realty
View photos & details
New Listing
24
$229,500
3619 Palomino Pl
Grand Island, NE 68801
3 bd3 ba1,404 sqft$163/ft²
House
Maite Belau · Coldwell Banker Action Holdings
View photos & details
New Listing
60
$289,900
2431 N Custer Ave
Grand Island, NE 68803
3 bd3 ba2,480 sqft$117/ft²
House8,712 sqft lot
Julie Connelly · New View Real Estate
View photos & details
New Listing
53
$294,500
2811 Fort Worth Ct
Grand Island, NE 68803
4 bd3 ba1,204 sqft$245/ft²
House20,038 sqft lot
Sheila Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
36
$305,000
4057 W Capital Ave
Grand Island, NE 68803
3 bd2 ba2,080 sqft$147/ft²
House26,572 sqft lot
Gordon Coble · New View Real Estate
View photos & details
New Listing
25
$310,000
3107 Midway Rd
Grand Island, NE 68803
4 bd3 ba2,696 sqft$115/ft²
House7,013 sqft lot
Piper Kosse · Little Blue Real Estate and Appraisal
View photos & details
New Listing
23
$329,000
4035 Lillie Dr
Grand Island, NE 68803
4 bd3 ba2,348 sqft$140/ft²
House8,712 sqft lot
Jimmy Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
26
$380,000
2824 Fort Worth Ct
Grand Island, NE 68803
3 bd3 ba2,477 sqft$153/ft²
House27,443 sqft lot
Corey Farlee · Nebraska Realty
View photos & details
New Listing
36
$414,900
4061 Northview Dr
Grand Island, NE 68803
4 bd3 ba3,144 sqft$132/ft²
House13,068 sqft lot
Jimmy Reed · Berkshire Hathaway HomeServices Da-Ly Realty
View photos & details
New Listing
18
$429,900
1627 Stonewood Ave
Grand Island, NE 68803
6 bd2 ba2,820 sqft$152/ft²
House8,276 sqft lot
Sara Gomez · Coldwell Banker Action Holdings
View photos & details
New Listing
40
$525,000
1715 Allegheny Cir
Grand Island, NE 68801
4 bd4 ba4,362 sqft$120/ft²
House15,246 sqft lot
Chris Schwieger · Woods Bros Realty
View photos & details
Looking to buy in Grand Island?
Get connected with a local real estate expert — free, no obligation.
Active listings
111
Homes on market
Median list price
$290K
Avg. days on market
27
Days until sale
New this week
48
Newly listed
Price drops:24.3%of listings
Sale-to-list:98.3%
How much do homes cost in Grand Island by property type?
How the Grand Island, NE market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $125/sq ft | 52 | 29 days |
| Townhouse | $300,000 | $97/sq ft | 1 | 386 days |
Who lives in Grand Island?
American Community Survey estimates for Grand Island. U.S. Census ACS, 2023
Population
52,761
Households
20,620
Median income
$62,439/yr
Median age
34.5 years
Owner-occupied
59.5%
Median home value
$202,600
Median gross rent
$913/mo
Mean commute
17.1 min
59.5% of occupied homes in Grand Island are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $202,600 against Zillow's $253,838 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $913/mo, below Zillow's $1,322/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Grand Island?
27 schools tracked · 11,325 students
The largest public schools serving Grand Island, NE by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
GRAND ISLAND SENIOR HIGH SCHOOL
Grades 9-12 · 2,670 students
WALNUT MIDDLE SCHOOL
Grades 6-8 · 789 students
BARR MIDDLE SCHOOL
Grades 6-8 · 663 students
NORTHWEST HIGH SCHOOL
Grades 9-12 · 653 students
WESTRIDGE MIDDLE SCHOOL
Grades 6-8 · 624 students
ENGLEMAN ELEMENTARY SCHOOL
Grades PK-5 · 481 students
HOWARD ELEMENTARY SCHOOL
Grades PK-5 · 463 students
STARR ELEMENTARY SCHOOL
Grades PK-5 · 451 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Grand Island, NE?
Ordered by distance from Grand Island, not by size. Compare Grand Island side by side with any of them.
Which ZIP codes are in Grand Island?
These are the ZIP codes we see on active Grand Island listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Grand Island housing market FAQ
Is Grand Island a buyer's or seller's market?
Grand Island, NE is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 27 days, and sellers getting 98.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Grand Island?
The typical home in Grand Island, NE is worth $253,838 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $282,000, about $125 per square foot.
Is Grand Island cheaper than the rest of Nebraska?
Grand Island's median sale price of $282,000 is 12% lower than the Nebraska statewide median of $319,100, and 31% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Grand Island?
Homes in Grand Island, NE spent a median of 27 days on market before going under contract, versus 27 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Grand Island?
At the current 30-year fixed rate of 7.03%, 20% down on a $253,838 home is about $1,355 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $58,077 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,439.
Are home prices rising in Grand Island?
The typical home value in Grand Island, NE fell 1.5% over the last 12 months, from $257,781 to $253,838 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Grand Island?
Grand Island ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Grand Island?
That depends on your timeline, not on a headline. What the data says today: Grand Island, NE is a seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.0x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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