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Wakefield

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

Median Home$154,199
Median Rent$734/month
Population1,521
Leading IndustriesConstruction · Agriculture & Mining · Retail14% construction
Home Value Growth⬆⬆+20.5% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners78% of occupied units
NotableAffordable Market$154k median home · lower cost than 72% of the country
Wakefield
NE

Frequently Asked Questions

What are today's mortgage rates in Wakefield?

As of today, the 30-year fixed mortgage rate for Wakefield is approximately 7.222% (7.270% 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 Wakefield?

The median home value in Wakefield is $154k. The median monthly rent is $734. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wakefield?

Home values in Wakefield have increased 20.5% 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 Wakefield?

Based on a typical all-in ownership cost of $786/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wakefield is $73k/year.

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What industries drive the economy in Wakefield?

The largest employment sectors in Wakefield are public administration (28%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.