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Gering

Learn about the people, housing, costs and businesses in Gering, Nebraska

Median Home$178,696
Median Rent$848/month
Population8,321
Leading IndustriesPublic Administration · Manufacturing · Professional Services29% public administration
Home Value Growth+2.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners71% of occupied units
Gering
NE

Frequently Asked Questions

What are today's mortgage rates in Gering?

As of today, the 30-year fixed mortgage rate for Gering is approximately 6.987% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gering?

The median home value in Gering is $179k. The median monthly rent is $848. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gering?

Home values in Gering have increased 2.7% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gering?

Based on a typical all-in ownership cost of $977/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gering is $73k/year.

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What industries drive the economy in Gering?

The largest employment sectors in Gering are public administration (29%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.