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Medicine Valley

Learn about the people, housing, costs and businesses in Medicine Valley, Nebraska

Median Home$155,323
Median Rent$681/month
Population1,268
Leading IndustriesConstruction · Agriculture & Mining · Professional Services19% construction
Home Value Growth⬆⬆+19.4% over 2 years
Retirees26% of residentswell above average
Homeowners75% of occupied units
NotableAffordable Market$155k median home · lower cost than 82% of the country
Medicine Valley
NE

Frequently Asked Questions

What are today's mortgage rates in Medicine Valley?

As of today, the 30-year fixed mortgage rate for Medicine Valley is approximately 6.976% (7.015% 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 Medicine Valley?

The median home value in Medicine Valley is $155k. The median monthly rent is $681. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medicine Valley?

Home values in Medicine Valley have increased 19.4% 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 Medicine Valley?

Based on a typical all-in ownership cost of $774/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medicine Valley is $71k/year.

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What industries drive the economy in Medicine Valley?

The largest employment sectors in Medicine Valley are public administration (24%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.