Cheapest Places to Live in Nebraska (2026)
Looking for the most affordable cities in Nebraska? We ranked 6 Nebraska cities by median home value. The cheapest is Oakland (~$190,000); the Nebraska median is $239,000.
Most affordable cities in Nebraska
Ranked by median home value, lowest first:
| # | City | Median home value | $ / sq ft |
|---|---|---|---|
| 1 | Oakland | $190,000 | $112 |
| 2 | Wausa | $198,000 | $129 |
| 3 | Wolbach | $213,500 | $113 |
| 4 | Bellevue | $260,000 | $163 |
| 5 | Lincoln | $290,000 | $182 |
| 6 | Omaha | $296,000 | $172 |
Most expensive cities in Nebraska
The priciest Nebraska markets by median home value:
| # | City | Median home value | $ / sq ft |
|---|---|---|---|
| 1 | Omaha | $296,000 | $172 |
| 2 | Lincoln | $290,000 | $182 |
| 3 | Bellevue | $260,000 | $163 |
| 4 | Wolbach | $213,500 | $113 |
| 5 | Wausa | $198,000 | $129 |
| 6 | Oakland | $190,000 | $112 |
How we rank Nebraska cities
Rankings use the typical (median) home value for each city from public market data (Realtor.com & Zillow research). Affordability also depends on incomes, taxes, and cost of living — see each city page for local detail. Directional estimates, not appraisals.
Explore all Nebraska home values, estimate any home with the Home Value Estimator, or see where your budget goes furthest nationwide.
Nebraska affordability: FAQ
What is the cheapest place to live in Nebraska? +
Based on median home value, Oakland is among the most affordable cities in Nebraska, with a typical home around $190,000 — well below the Nebraska median of $239,000.
What is the most expensive city in Nebraska? +
By median home value, Omaha is among the priciest in Nebraska, with a typical home around $296,000.
Is Nebraska an affordable place to live? +
The median home value in Nebraska is about $239,000 (19% more affordable than the U.S. median of $294,000), but prices vary widely by city — from around $190,000 to $296,000.