Grand Island, NE Real Estate

According to census data in the year 2000 there were 17,395 housing units in Grand Island. This represents a 9.7% growth from 15,855 in 1990.

Of those housing units, 17,246 were located in either urbanized areas or urban clusters, and 149 were located in what is classified as a rural area.

Homeownership rate in Grand Island is about 62.6%. Grand Island's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Grand Island were built after 1967.


Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom14.50%
Two Bedrooms32.30%
Three Bedrooms34.30%
Four Bedrooms13.80%
Five Bedrooms or more3.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1965
Median Value of occupied units$82,500
Median Price asked for vacant units$81,400

Rented Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1970
Median Monthly Rent asked for vacant units$390

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.40%
Home Equity Loan8.70%
Simple Mortgage47.70%
Debt Free35.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%