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City · 52,884 residents · Hall County, Nebraska

Grand Island , Nebraska

In Grand Island, a typical home is worth $218,600 and typical rent is $947 a month. Compared with all of Hall County, typical household income is 8% lower.

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  • Typical home value

    $218,600

    3% below the county

    8% below Nebraska

    • Grand Island
    • Hall
    • Nebraska

  • Typical rent

    $947a month

    About the same as the county

    12% below Nebraska

    • Grand Island
    • Hall
    • Nebraska

  • Typical household income

    $63,795a year

    8% below the county

    17% below Nebraska

    • Grand Island
    • Hall
    • Nebraska

  • Households that own their home

    58%

    4 points below the county

    9 points below Nebraska

    • Grand Island
    • Hall
    • Nebraska

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$252,818
0.7% less than 12 months ago
Typical rent
$1,342 a month
1.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Grand Island is in Hall County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hall County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Grand Island apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Grand Island fell 0.7%; in Nebraska, it rose 3%.

  2. Nearby, in York, the typical home value is $180,900: 17% less than in Grand Island ($218,600).

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Grand Island

What homes there are in Grand Island, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Grand Island (62%), but less so than in Hall County (66%).

Year built

By age, homes in Grand Island look like those in Hall County: the typical year built is 1975.

There are fewer big homes in Grand Island than in Hall County: 54% have 3 bedrooms or more, against 58%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Grand Island sit under the FHA limit for Hall County ($541,287): about 96%.

Monthly rent with utilities

By rent, most homes in Grand Island cost less than HUD's 2-bedroom fair market rent ($1,210): about 69%.

With a mortgage

$1,613 a month

Hall County: $1,618 a month

Without a mortgage

$602 a month

Hall County: $621 a month

Owners with a mortgage

56%

Hall County: 55%

Owning costs about the same in Grand Island as in Hall County: with a mortgage, $1,613 a month; without one, $602.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Hall County, the typical home value in Grand Island rose 55% since 2015–2019.

Rents in Grand Island rose at about the same pace as in Hall County: 24% since 2015–2019, against 23%.

Housing prices ran ahead of income in Grand Island: typical income rose 16%, against +55% for home values and +24% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGrand IslandHall CountyNebraskaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room 3.8%3.5%2.1%3.4%
People per household 2.512.512.422.53
Drive alone 79%79%76%69%
Carpool 14%13%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 4%4%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes10 to 19 minutes20 to 29 minutes

More than one person per room: that is how 3.8% of households in Grand Island live, near the figure in Hall County (3.5%).

Much as in Hall County, a household in Grand Island has 2.51 people on average.

To get to work, 79% of workers in Grand Island drive alone; in Hall County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Grand Island?

A typical home is tight for the typical income

We start with a typical home in Grand Island, worth $218,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Grand Island, which is $63,795 a year. For that payment to be 28% of income, a household would need to earn about $81,606 a year.

The calculator's FHA and conventional loan limits are those of all of Hall County.

Your numbers

Local data
$

Starts at the typical home value in Grand Island. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,651 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,904

at 7.18% · 30 years

Loan amount
$214,641
Total interest
$308,817
Paid off in
November 2056

Includes $3,692 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,489 a month

  • Tight

    $1,489 to $1,914 a month

    Your payment · 36%

  • Hard

    more than $1,914 a month

Compared with the typical household income in Grand Island ($63,795 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,904
Principal & interest$1,454
Property tax$262
Home insurance$91
FHA mortgage insurance (MIP)$97

You need at least $7,651 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Grand Island and Hall County

Grand Island is in Hall County, Nebraska. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Grand Island's own numbers

Typical home value
$218,600
Typical monthly rent
$947
Typical yearly household income
$63,795
Households that own their home
58%
Effective property tax rate
1.44%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hall County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,210
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
5.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hall County.

Everything about Hall County

Buying

Buying a home in Grand Island

A typical home in Grand Island is worth $218,600: 3% below the county and 8% below Nebraska. With the typical household income in Grand Island ($63,795 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Grand Island 3.4 years
  • Hall 3.2 years
  • Nebraska 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hall County

According to FHFA’s house price index, home prices in Hall County rose 83% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hall County.

Period County Nebraska U.S.
Last year (2025) +2.8% +3.3% +2.9%
5 years (2020–2025) +52% +49% +47%
10 years (2015–2025) +83% +87% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Grand Island next to Hall County, Nebraska and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Grand Island $218,600
  • Hall $224,600
  • Nebraska $238,600
  • United States $332,700
Typical monthly rent
  • Grand Island $947
  • Hall $943
  • Nebraska $1,072
  • United States $1,413
Typical yearly household income
  • Grand Island $63,795
  • Hall $69,251
  • Nebraska $76,475
  • United States $80,734
See the full table
Grand Island next to Hall County and Nebraska
Measure Grand Island Hall County Nebraska U.S.
Typical home value $218,600 $224,600 $238,600 $332,700
Typical monthly rent $947 $943 $1,072 $1,413
Typical yearly household income $63,795 $69,251 $76,475 $80,734
Households that own their home 58% 62% 67% 65%
Typical yearly property tax $3,138 $3,120 $3,549 $3,119
Effective property tax rate 1.44% 1.39% 1.49% 0.94%
Renters with high rent for their income 48% 47% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hall County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Grand Island

For a typical $218,600 home in Grand Island, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Grand Island's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,904a month

    Least cash to close
    Down payment
    $7,651
    Cash to close
    $14,209
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $97

  • Conventional, 5% down $1,864a month

    Down payment
    $10,930
    Cash to close
    $17,488
    Rate
    7.18%
    Mortgage insurance
    PMI · $104

  • Conventional, 20% down, no PMI $1,538a month

    Down payment
    $43,720
    Cash to close
    $50,278
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,740a month

    Down payment
    $32,790
    Cash to close
    $39,348
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Grand Island and for Hall County.

Property tax

Effective rate in Grand Island

1.44%of the home’s value each year

$3,138 a year for the typical owner in Grand Island.

  • Grand Island 1.44%
  • Hall 1.39%
  • Nebraska 1.49%

What Nebraska publishes Homestead exemption for seniors, people with disabilities and veterans (Nebraska Department of Revenue, Property Assessment Division)

Exemptions and deadlines in Nebraska

Flood risk in Hall County

FEMA does not publish these numbers by city: they are for all of Hall County.

Homes in the high-risk zone
5.3%
1,197
Of those, with NFIP insurance
3%
County Nebraska U.S.
Homes in the high-risk zone 5.3% 3.5% 3.5%
Of those, with NFIP insurance 3% 15% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Grand Island

Typical rent in Grand Island is $947 a month: about the same as the county. In Grand Island, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hall County, by unit size. To pay the 2-bedroom one ($1,210 a month) without spending more than 30% of your income, you would need to earn $23.27 an hour working full time.

HUD fair market rent for all of Hall County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $902 $17.35 $36,080
1 bedroom $972 $18.69 $38,880
2 bedrooms $1,210 $23.27 $48,400
3 bedrooms $1,505 $28.94 $60,200
4 bedrooms $1,928 $37.08 $77,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Grand Island

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Grand Island has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,210 in 68801 to $1,220 in 68803.

1 of the 2 is above the fair market rent for Hall County ($1,210).

  • 68801 $1,210$1,510
  • 68803 $1,220$1,520

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Grand Island when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Grand Island

HUD lists 32 buildings with rents for lower incomes in Grand Island. These are the largest.

  • Centennial,Golden,Pletcher,Rainbow,NonDw 910 N Boggs Ave, Grand Island 68803 281 homes, 280 low-income · Run by Hall County Housing Authority · Average payment: $335 a month · Average wait: 5 months (308) 385-5530
  • Riverbend Apts Phase I 102 Lakeview Cir, Grand Island 68803 160 homes, 128 low-income · 1 bd: 64 · 2 bd: 80 · 3 bd: 16 · In service since 2004 · For families
  • Orleans, Western, Stolley, Scatt Sites 3021 W North Front St, Grand Island 68803 111 low-income homes · Run by Hall County Housing Authority · Average payment: $654 a month · Average wait: 5 months (308) 385-5530
  • Grandview Apartments 3423 Kelly St, Grand Island 68803 102 homes, 100 low-income · For older adults (308) 382-6163
  • Walnut Housing 504 N Elm St, Grand Island 68801 88 homes, 87 low-income · Studio: 23 · 1 bd: 21 · 2 bd: 44 · In service since 2005 · For families

See all 36 buildings in Hall County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Grand Island

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hall County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Grand Island

No down payment, repair or rent-help program on our list is for Grand Island or Hall County. The ones below are statewide in Nebraska: they work in Grand Island the same as in the rest of the state.

Which programs do I qualify for? All programs in Nebraska

  • Homebuyer Assistance (HBA) Program

    Statewide in Nebraska

    Nebraska state authority program for first-time buyers: a NIFA mortgage plus a second mortgage of up to 5% of the price at 1%, over 10 years, for the down payment and closing costs. Offered by Nebraska Investment Finance Authority (NIFA).

    Repayable

    See the program Official page

  • Welcome Home Assistance (WHA)

    Statewide in Nebraska

    Nebraska state authority option that adds a second loan for the down payment and closing costs to the Welcome Home mortgage, for first-time buyers and for people who have owned a home before; the page does not state the amount. Offered by Nebraska Investment Finance Authority (NIFA).

    Type not stated

    See the program Official page

Housing counselors near Grand Island

The HUD-approved agencies closest to the center of Grand Island, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Blue Valley Community Action Partnership

    620 5th St, Fairbury · 82 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 5 more
    (402) 729-2278

  • Neighborhoods, Inc. DBA Neighborworks Lincoln

    2530 Q St, Lincoln · 88 miles away

    • Workshops for new owners
    • Pre-purchase counseling
    • and 1 more
    (402) 477-7181

  • Credit Advisors Foundation

    1818 S 72nd St, Omaha · 124 miles away · Spanish

    Also serves in Korean and other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (402) 514-3340

All counseling agencies in Nebraska

Help in Spanish near Grand Island

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Grand Island

HUD’s record names them for Grand Island or Hall County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Hall County Housing Authority Public housing and Section 8 vouchers (308) 385-5530

2 other authorities have an office in Hall County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Grand Island, with the typical home value.

Everything about Hall County Housing in Nebraska

Neighboring counties

If Hall County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Grand Island.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Grand Island

Short answers with the numbers for Grand Island and all of Hall County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Grand Island?

The typical home value in Grand Island is $218,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hall County it is $224,600.

How much does it cost to rent in Grand Island?

Typical rent in Grand Island is $947 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hall County is $1,210.

What is the FHA loan limit in Grand Island?

Grand Island uses the FHA limit for all of Hall County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Grand Island?

The typical homeowner in Grand Island pays $3,138 a year, according to the U.S. Census Bureau. That is 1.44% of the home’s value; in Hall County, the rate is 1.39%.

Where can I find free help to buy or rent in Grand Island?

We found no HUD-approved counseling agencies with an office in Hall County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).