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Mitchell

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

Median Home$171,066
Median Rent$984/month
Population3,540
Leading IndustriesConstruction · Public Administration · Agriculture & Mining10% construction
Home Value Growth+7.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners72% of occupied units
Mitchell
NE

Frequently Asked Questions

What are today's mortgage rates in Mitchell?

As of today, the 30-year fixed mortgage rate for Mitchell is approximately 6.988% (7.030% 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 Mitchell?

The median home value in Mitchell is $171k. The median monthly rent is $984. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mitchell?

Home values in Mitchell have increased 7.4% 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 Mitchell?

Based on a typical all-in ownership cost of $978/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 Mitchell is $67k/year.

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What industries drive the economy in Mitchell?

The largest employment sectors in Mitchell are public administration (28%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.