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City · 5,546 residents · Phelps County, Nebraska

Holdrege , Nebraska

In Holdrege, a typical home is worth $198,900 and typical rent is $835 a month. Compared with all of Phelps County, typical household income is 19% lower and the share of households that own their home is 6 points lower.

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  • Typical home value

    $198,900

    2% above the county

    17% below Nebraska

    • Holdrege
    • Phelps
    • Nebraska

  • Typical rent

    $835a month

    2% above the county

    22% below Nebraska

    • Holdrege
    • Phelps
    • Nebraska

  • Typical household income

    $55,789a year

    19% below the county

    27% below Nebraska

    • Holdrege
    • Phelps
    • Nebraska

  • Households that own their home

    63%

    6 points below the county

    4 points below Nebraska

    • Holdrege
    • Phelps
    • Nebraska

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

Market now, with Zillow data

Zillow data
Typical home value
$185,123
2.6% more than 12 months ago

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

Holdrege is in Phelps 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 Phelps County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Holdrege apart

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

  1. Nearby, in McCook, the typical home value is $154,300: 22% less than in Holdrege ($198,900).

  2. The typical household income in Holdrege is $55,789, 19% less than in Phelps County as a whole ($68,919).

  3. 63% of households in Holdrege own their home, against 68% in Phelps County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Holdrege

What homes there are in Holdrege, 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

In Holdrege, 7 in 10 homes are single-family detached houses; in Phelps County, 8.

Year built

In Holdrege, half of the homes were built before 1965; in Phelps County, before 1968.

Homes in Holdrege are smaller: 52% have 3 bedrooms or more; in Phelps County, 59%.

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

At least 96% of owner-occupied homes in Holdrege are worth less than $500,000, below the FHA loan limit for Phelps County ($541,287).

Monthly rent with utilities

With a mortgage

$1,423 a month

Phelps County: $1,459 a month

Without a mortgage

$624 a month

Phelps County: $644 a month

Owners with a mortgage

47%

Phelps County: 46%

Owning costs about the same in Holdrege as in Phelps County: with a mortgage, $1,423 a month; without one, $624.

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

Since 2015–2019, homes in Holdrege gained value faster than in Phelps County: 56% against 45%.

Rents in Holdrege rose faster than in Phelps County: 28% since 2015–2019, against 21%.

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

MeasureHoldregePhelps CountyNebraskaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.142.252.422.53
Drive alone 85%83%76%69%
Carpool 6%8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%3%3%
Work from home Unreliable estimate6%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute under 10 minutesUnreliable estimate10 to 19 minutes20 to 29 minutes

A household in Holdrege has 2.14 people on average, about the same as in Phelps County (2.25).

In Holdrege, 85% of workers drive alone to work; in Phelps County, 83%.

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 Holdrege?

A typical home costs more than the typical income allows

We start with a typical home in Holdrege, worth $198,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Holdrege, which is $55,789 a year. For that payment to be 28% of income, a household would need to earn about $72,831 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Holdrege. 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 $6,962 (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

$1,699

at 7.18% · 30 years

Loan amount
$195,297
Total interest
$280,986
Paid off in
November 2056

Includes $3,359 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,302 a month

  • Tight

    $1,302 to $1,674 a month

  • Hard

    more than $1,674 a month

    Your payment · 37%

Compared with the typical household income in Holdrege ($55,789 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,699
Principal & interest$1,323
Property tax$206
Home insurance$83
FHA mortgage insurance (MIP)$88

You need at least $6,962 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

Holdrege and Phelps County

Holdrege is in Phelps 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).

Holdrege's own numbers

Typical home value
$198,900
Typical monthly rent
$835
Typical yearly household income
$55,789
Households that own their home
63%
Effective property tax rate
1.24%

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

Numbers for all of Phelps County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
2.6%

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 Phelps County.

Everything about Phelps County

Buying

Buying a home in Holdrege

A typical home in Holdrege is worth $198,900: 2% above the county and 17% below Nebraska. With the typical household income in Holdrege ($55,789 a year), a typical home costs 3.6 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.

  • Holdrege 3.6 years
  • Phelps 2.8 years
  • Nebraska 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Phelps County

According to FHFA’s house price index, home prices in Phelps County rose 80% in the 10 years through 2025.

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

Period County Nebraska U.S.
Last year (2025) +3.3% +3.3% +2.9%
5 years (2020–2025) +51% +49% +47%
10 years (2015–2025) +80% +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

Holdrege next to Phelps 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
  • Holdrege $198,900
  • Phelps $194,900
  • Nebraska $238,600
  • United States $332,700
Typical monthly rent
  • Holdrege $835
  • Phelps $815
  • Nebraska $1,072
  • United States $1,413
Typical yearly household income
  • Holdrege $55,789
  • Phelps $68,919
  • Nebraska $76,475
  • United States $80,734
See the full table
Holdrege next to Phelps County and Nebraska
Measure Holdrege Phelps County Nebraska U.S.
Typical home value $198,900 $194,900 $238,600 $332,700
Typical monthly rent $835 $815 $1,072 $1,413
Typical yearly household income $55,789 $68,919 $76,475 $80,734
Households that own their home 63% 68% 67% 65%
Typical yearly property tax $2,458 $2,573 $3,549 $3,119
Effective property tax rate 1.24% 1.32% 1.49% 0.94%
Renters with high rent for their income 45% 43% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Phelps 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 Holdrege

For a typical $198,900 home in Holdrege, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Holdrege's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,699a month

    Least cash to close
    Down payment
    $6,962
    Cash to close
    $12,929
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $88

  • Conventional, 5% down $1,663a month

    Down payment
    $9,945
    Cash to close
    $15,912
    Rate
    7.18%
    Mortgage insurance
    PMI · $94

  • Conventional, 20% down, no PMI $1,366a month

    Down payment
    $39,780
    Cash to close
    $45,747
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,550a month

    Down payment
    $29,835
    Cash to close
    $35,802
    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 Holdrege and for Phelps County.

Property tax

Effective rate in Holdrege

1.24%of the home’s value each year

$2,458 a year for the typical owner in Holdrege.

  • Holdrege 1.24%
  • Phelps 1.32%
  • 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 Phelps County

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

Homes in the high-risk zone
2.6%
130
Of those, with NFIP insurance
4.6%
County Nebraska U.S.
Homes in the high-risk zone 2.6% 3.5% 3.5%
Of those, with NFIP insurance 4.6% 15% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Holdrege

Typical rent in Holdrege is $835 a month: 2% above the county. In Holdrege, 45% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Phelps County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Phelps 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 $734 $14.12 $29,360
1 bedroom $782 $15.04 $31,280
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,370 $26.35 $54,800
4 bedrooms $1,665 $32.02 $66,600

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 Holdrege

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Holdrege is in ZIP code 68949.

For 2 bedrooms it is $1,010: $4 less than the fair market rent for Phelps County ($1,014).

  • 68949 $1,010$1,380

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Holdrege 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 Holdrege

HUD lists 7 buildings with rents for lower incomes in Holdrege. These are the largest.

  • Sunrise View 1422 12th Ave, Holdrege 68949 48 low-income homes · For older adults (308) 995-8733
  • Westport Apts 1300 Tibbals St, Holdrege 68949 26 low-income homes · In service since 1993
  • Horizon Estates 1523 Madison Ave, Holdrege 68949 18 low-income homes · 3 bd: 18 · In service since 2020
  • Sunrise Lane 1616 12th Ave, Holdrege 68949 18 low-income homes · In service since 2011
  • Sunrise East 1516 12th Ave, Holdrege 68949 16 low-income homes · 2 bd: 16 · In service since 2009 · For older adults

See all 8 buildings in Phelps County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Holdrege

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 Phelps County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Holdrege

No down payment, repair or rent-help program on our list is for Holdrege or Phelps County. The ones below are statewide in Nebraska: they work in Holdrege 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 Holdrege

The HUD-approved agencies closest to the center of Holdrege, 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 · 118 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 · 144 miles away

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

  • Credit Advisors Foundation

    1818 S 72nd St, Omaha · 184 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 Holdrege

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 Holdrege

HUD lists no housing authority with an office in Phelps County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Nebraska Source: HUD

Cities

Nearby cities

The cities closest to Holdrege, with the typical home value.

Everything about Phelps County Housing in Nebraska

Neighboring counties

If Phelps 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 Holdrege.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Holdrege

Short answers with the numbers for Holdrege and all of Phelps 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 Holdrege?

The typical home value in Holdrege is $198,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Phelps County it is $194,900.

How much does it cost to rent in Holdrege?

Typical rent in Holdrege is $835 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Phelps County is $1,014.

What is the FHA loan limit in Holdrege?

Holdrege uses the FHA limit for all of Phelps 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 Holdrege?

The typical homeowner in Holdrege pays $2,458 a year, according to the U.S. Census Bureau. That is 1.24% of the home’s value; in Phelps County, the rate is 1.32%.

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

We found no HUD-approved counseling agencies with an office in Phelps 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).