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Featured local agent — King Lake, NE
Sarah Mitchell
Compass Real Estate · King Lake, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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King Lake, NE Housing Market
The last median sale price Redfin published was $196,942, -1.0% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 10 days, King Lake is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $196,942 home is about $1,051/mo in principal and interest.
Key numbers for King Lake, NE
Median sale price
$196,942
-1.0% year over year
Redfin, through March 2026
Days on market
10
Fast-moving
Redfin, through March 2026
Active listings
1
1.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
106.5%
Selling above asking
Redfin, through March 2026
Zillow figures 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 King Lake a buyer's or seller's market?
King Lake, NE is a strong seller's market, based on 1.0 months of supply and homes selling in about 10 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the King Lake housing market data show?
Every row below is Redfin's final published month for King Lake, NE. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $196,942 |
| Median list price | $185,000 |
| Year-over-year price change | -1.0% |
| Median price per sq ft | $162/sq ft |
| Median days on market | 10 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 106.5% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Strong 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 King Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in King Lake 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 King Lake home prices moved?
Across the 14 months we hold for King Lake, NE, the median sale price rose 51.5%, from $130,000 in December 2021 to $196,942. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 106.5%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in King Lake?
Priced off the median sale price of $196,942 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% | $39,388 | $157,554 | $1,051/mo |
| 5% | $9,847 | $187,095 | $1,249/mo |
Redfin, through March 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 $1,051, that implies roughly $45,059 a year before you add taxes and insurance. We do not hold a Census income figure for King Lake, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in King Lake in the next 12 months?
Tell us your timeline. We send the King Lake 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 King Lake?
Zillow does not publish a rent index (ZORI) for King Lake, NE, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in King Lake?
Active listings in King Lake, NE went from 1 in March 2023 to 1 in March 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| March 2023 | 1 | 2 |
| March 2025 | 3 | 1 |
| May 2025 | 1 | 1 |
| March 2026 | 1 | 1 |
Redfin, through March 2026
How does King Lake compare to Nebraska and the U.S.?
King Lake homes sell for $196,942 — 38% below the Nebraska median of $319,100. Against the national median of $410,700, King Lake runs 52% lower. Year-over-year, King Lake moved -1.0% against Nebraska's +2.8% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| King Lake, NE | $196,942 | -1.0% | 10 days |
| Nebraska statewide | $319,100 | +2.8% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in King Lake
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $197 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 $196,942 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 King Lake listing goes under contract in 10 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 106.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month King Lake added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside King Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in King Lake
There are currently 1 homes listed for sale in King Lake, Nebraska. The median listing price is $185K.
Active listings
1
Homes on market
Median list price
$185K
Avg. days on market
10
Days until sale
New this week
1
Newly listed
How much do homes cost in King Lake by property type?
How the King Lake, NE market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $196,942 | $162/sq ft | 1 | 10 days |
Who lives in King Lake?
American Community Survey estimates for King Lake. U.S. Census ACS, 2023
Population
22
Households
19
Median age
66.3 years
Owner-occupied
100.0%
100.0% of occupied homes in King Lake 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.
Which cities are near King Lake, NE?
Ordered by distance from King Lake, not by size. Compare King Lake side by side with any of them.
King Lake housing market FAQ
Is King Lake a buyer's or seller's market?
King Lake, NE is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 10 days, and sellers getting 106.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in King Lake?
The median sale price in the last month Redfin published was $196,942, about $162 per square foot.
Is King Lake cheaper than the rest of Nebraska?
King Lake's median sale price of $196,942 is 38% lower than the Nebraska statewide median of $319,100, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in King Lake?
Homes in King Lake, NE spent a median of 10 days on market before going under contract, versus 27 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in King Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $196,942 home is about $1,051 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $45,059 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in King Lake?
Redfin's last published year-over-year change for King Lake, NE was -1.0%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in King Lake?
King Lake 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 King Lake?
That depends on your timeline, not on a headline. What the data says today: King Lake, NE is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $196,942, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.