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Grand Island

Learn about the people, housing, costs and businesses in Grand Island

Median Home$222,217
Median Rent$947/month
Population76,794
Leading IndustriesConstruction · Agriculture & Mining · Retail5% construction
Home Value Growth⬆⬆+16.5% over 2 years
Family-Friendly27% of residentstop 5% nationally
Homeowners65% of occupied units
NotableAffordable Market$222k median home · lower cost than 69% of the country
Grand Island

Frequently Asked Questions

What are today's mortgage rates in Grand Island?

Mortgage rates for Grand Island are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Grand Island
What is the median home price in Grand Island?

The median home value in Grand Island is $222k. The median monthly rent is $947. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grand Island?

Home values in Grand Island have increased 16.5% over the past two years. This indicates a strong appreciation trend. 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 Grand Island?

Based on a typical all-in ownership cost of $1,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grand Island is $72k/year.

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What industries drive the economy in Grand Island?

The largest employment sectors in Grand Island are public administration (20%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.