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Litchfield

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

Median Home$161,025
Median Rent$917/month
Population713
Leading IndustriesConstruction · Agriculture & Mining · Transportation18% construction
Home Value Growth+4.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners76% of occupied units
NotableAffordable Market$161k median home · lower cost than 79% of the country
Litchfield
NE

Frequently Asked Questions

What are today's mortgage rates in Litchfield?

As of today, the 30-year fixed mortgage rate for Litchfield is approximately 7.033% (7.074% 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 Litchfield?

The median home value in Litchfield is $161k. The median monthly rent is $917. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Litchfield?

Home values in Litchfield have increased 4.4% over the past two years. This represents moderate growth. 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 Litchfield?

Based on a typical all-in ownership cost of $808/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Litchfield is $69k/year.

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What industries drive the economy in Litchfield?

The largest employment sectors in Litchfield are public administration (19%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.