Why Live in Grand Island
The Stuhr Museum of the Prairie Pioneer transports visitors to an authentic 1890s railroad town, while the historic Railside District features local shops and outdoor concerts at Railside Plaza. The Nebraska State Fair brings exhibits, concerts, and carnival attractions annually, complementing year-round entertainment at Fonner Park's horse racing and casino. Outdoor recreation includes the Island Oasis Water Park with wave pools and slides, plus an extensive trail network throughout the city. Local dining highlights include the 80-year-old Coney Island Lunch Room, Wasabi Bistro's Asian cuisine, and The Chocolate Bar's culinary delights.
The Grand Island housing market includes various property types. Single-family homes have a median price of $270,000. Condominiums start at a median price of $136,000 for one-bedroom units and reach $294,500 for two-bedroom properties. Townhomes show a median price of $295,000. Hall County has a property tax rate of 1.37%, with Hastings at 1.44% and Kearney at 1.45%. The Nebraska state income tax rate is 5.20% for annual incomes of $40,374, with a combined sales tax rate of 6.97%.
Major employers include JBS Swift & Company, Case New Holland, and Chief Industries, supporting a stable job market. The Central Nebraska Regional Airport connects residents to select destinations, while Interstate 80 provides access to Omaha, 150 miles east. The climate features summer highs in the upper 80s Fahrenheit and winter lows in the teens, receiving 27 inches of rain and 29 inches of snow annually.
Home Trends in Grand Island, NE
On average, homes in Grand Island, NE sell after 46 days on the market compared to the national average of 50 days. The median sale price for homes in Grand Island, NE over the last 12 months is $256,200, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$256,200
Median Single Family Sale Price
$275,000
Median Townhouse Sale Price
$295,000
Median 2 Bedroom Sale Price
$294,000
Median 1 Bedroom Sale Price
$136,000
Average Price Per Sq Ft
$210
Number of Homes for Sale
138
Last 12 months Home Sales
495
Median List Price
$287,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%