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Southern School District 1

Learn about the people, housing, costs and businesses in Southern School District 1, Nebraska

Median Home$88,031
Median Rent$747/month
Population2,471
Leading IndustriesRetail · Transportation24% retail
Home Value Growth⬆⬆⬆+68.1% over 2 years
Retirees26% of residentswell above average
Homeowners80% of occupied units
NotableAffordable Market$88k median home · lower cost than 98% of the country
NotableVeteran Community9% of residents · top 15% nationally
Southern School District 1
NE

Explore Southern School District 1

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Southern School District 1?

As of today, the 30-year fixed mortgage rate for Southern School District 1 is approximately 7.341% (7.392% 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 Southern School District 1?

The median home value in Southern School District 1 is $88k. The median monthly rent is $747. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southern School District 1?

Home values in Southern School District 1 have increased 68.1% 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 Southern School District 1?

Based on a typical all-in ownership cost of $682/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southern School District 1 is $64k/year.

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What industries drive the economy in Southern School District 1?

The largest employment sectors in Southern School District 1 are retail (24%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.