Counties / Nebraska / Banner County

Banner County, NE

FIPS 31007 · population 742 · outside every metro area

$399k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$399k
▲ 6.1% year over year
Zillow ZHVI · direct
ACS median gross rent
$975
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$961
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

One annual series is unavailable
FHFA five-year cumulativen/anot annualized · through n/a
0%ZILLOW ZHVI2026-06+6.1%FHFA HPIperiod n/an/a
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$206k
Surveyed gross rent$975
Rent burden 30%+38.9%
Median year built1959
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
20.4%vacant
383estimated housing units
Occupied tenure32.1% renter
owner 67.9%renter 32.1%
Structure mix89.6% single-family
Single-family 89.6%20+ units 0.0%Mobile home 8.6%Other 1.8%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs129▲ 4.0% from the prior annual release
Covered establishments14annual average reporting locations
Average weekly wage$887▲ 5.7% from the prior annual release
Largest private supersectorNatural resources and mining0.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+4.0%WEEKLY WAGE+5.7%Natural resources and mining0.0%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Banner County is a small, thinly evidenced market: a high county home-value benchmark and recent Zillow movement sit against an unmeasured rent stream. With 742 residents, the $399,155 Zillow median home value in June 2026 and 6.12% year-over-year movement, an investor seeking a locally supported lease-up and resale case should investigate deeply; a buyer requiring liquid comparable evidence should be cautious. This is county-level evidence, not proof of a property transaction.

02Housing economics

Housing economics are unresolved: market asking rent is not published, so gross yield cannot be computed. HUD’s two-bedroom Fair Market Rent is $961 per month, but it is a payment standard, not asking rent, and cannot substitute for it. The effective property-tax rate is 1.26% and median annual tax is $2,592. Both need property-level validation; the median tax is not necessarily the bill on a county-median-valued home. Rent, insurance and operating expenses are needed to assess carrying costs.

03Demand & competition

Demand evidence is narrow. QCEW’s 2025 annual average records 129 covered jobs at county workplaces, up 4.03%, with an $887 average weekly covered-worker wage; it is neither resident employment nor unemployment. Natural resources and mining is named as the largest disclosed private supersector, but it does not describe the whole economy and its supplied employment/share fields need verification. No investor mortgage purchases appear among seven total purchases: limited observed participation, but too small a base to establish competition. Migration and mover-income data are not published, preventing assessment of household inflow or purchasing power.

04Risk & next checks

Inland flood is the dominant hazard, and the modeled climate loss ratio is 0.21% of building value per year. Test it against parcel flood exposure, insurance terms and replacement-cost assumptions rather than convert it into a dollar loss. No FHFA repeat-transaction HPI is published, so Zillow’s direction has no supplied cross-method check. No Realtor.com listing price, active inventory, days on market or reduced-price share is published, preventing assessment of MLS asking-price competition, visible supply, seller concessions or marketing time. Only five evidence groups are available; obtain rent comps, property-level taxes, insurance, flood information and sale/listing records before a property conclusion.

Cities & communities

Where people live within Banner County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Harrisburg CDP103
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

1 Census places

Population
  1. 01
    Harrisburg CDPCensus-designated place
    103

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.211% of building value expected lost per year

Effective property tax1.26%

$2,592 median annual bill

02
DemandIRS SOI household flows
Net migrationn/a

Household flow not published

Arriving vs leaving incomen/a

Income flow not published

03
CompetitionHMDA financed purchases
Purchases by investors0.0%

0 of 7 mortgages

investorother financed
No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Market rent, operating costs and insurance could make economics materially different from a price-only reading.
  2. Thin purchase activity and missing MLS evidence may leave resale liquidity and pricing unverified.
  3. Parcel flood exposure or insurance availability may exceed the county-level modeled hazard signal.
Underwriting questions

Before pricing a property

Is a gross rental yield available from the record?

No. Median asking market rent is not published, and HUD Fair Market Rent cannot be used as market rent.

Does the record establish investor competition?

No. It reports no investor mortgage purchases, but the total purchase base is too small to prove an absence of competition.

What labor measure is available?

QCEW provides annual covered jobs at county workplaces and a covered-worker weekly wage; it does not measure resident employment or unemployment.