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Hallam

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

Median Home$356,900
Median Rent$1,188/month
Population263
Leading IndustryManufacturing1% of local workforce
Home Value Growth⬆⬆+17.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners93% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableHigh Incomes$124k/year · top 8% nationally
Hallam
NE

Frequently Asked Questions

What are today's mortgage rates in Hallam?

As of today, the 30-year fixed mortgage rate for Hallam is approximately 6.915% (6.952% 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 Hallam?

The median home value in Hallam is $357k. The median monthly rent is $1,188. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hallam?

Home values in Hallam have increased 17.1% 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 Hallam?

Based on a typical all-in ownership cost of $1,204/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hallam is $124k/year.

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What industries drive the economy in Hallam?

The largest employment sectors in Hallam are public administration (25%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.