Rental numbers for the Grand Island, NE metro
The typical home here runs -$921 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 6.3%
- 2 ZIPs with full data
- Cash flow
- -$921/mo
- at 7.78%, 25% down
- Typical price
- $256,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,319/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
19 with published figures
| 68801Grand Island | $224,000 | $1,286 | 6.9% | 2.5% | -$739 | -4.6% |
| 68817Ashton | $170,000 | $960* | 6.8% | 2.4% | -$570 | n/a |
| 68663Silver Creek | $195,000 | $1,060* | 6.5% | 2.4% | -$657 | n/a |
| 68882Wolbach | $197,000 | $1,020* | 6.2% | 1.3% | -$856 | n/a |
| 68835Wolbach | $212,000 | $1,030* | 5.8% | 1.8% | -$831 | n/a |
| 68810Alda | $248,000 | $1,200* | 5.8% | 1.8% | -$969 | n/a |
| 68803Grand Island | $284,000 | $1,334 | 5.6% | 1.5% | -$1,176 | +2.5% |
| 68826Central City | $206,000 | $960* | 5.6% | 1.3% | -$883 | n/a |
| 68883Cairo | $265,000 | $1,210* | 5.5% | 1.6% | -$1,080 | n/a |
| 68864Palmer | $283,000 | $1,230* | 5.2% | 1.4% | -$1,195 | n/a |
| 68838Farwell | $240,000 | $1,020* | 5.1% | 1.3% | -$1,036 | n/a |
| 68827Chapman | $319,000 | $1,290* | 4.9% | 1.6% | -$1,284 | n/a |
| 68873Wolbach | $260,000 | $1,020* | 4.7% | 0.8% | -$1,228 | n/a |
| 68628Clarks | $308,000 | $1,160* | 4.5% | 1.1% | -$1,371 | n/a |
| 68831Dannebrog | $314,000 | $1,180* | 4.5% | 0.9% | -$1,456 | n/a |
| 68832Doniphan | $353,000 | $1,320* | 4.5% | 1.0% | -$1,599 | n/a |
| 68824Cairo | $291,000 | $1,080* | 4.5% | 0.6% | -$1,419 | n/a |
| 68872Saint Libory | $362,000 | $1,270* | 4.2% | 1.1% | -$1,626 | n/a |
| 68820Dannebrog | $276,000 | $960* | 4.2% | 0.1% | -$1,471 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.5%
- Rent, 12 months
- -0.8%
- Rent minus price growth
- -1.3 pts
- Property tax
- 1.25%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $204,452 | n/a |
| Aug 2022 | $228,306 | n/a |
| Aug 2023 | $232,456 | n/a |
| Aug 2024 | $241,114 | $1,239 |
| Aug 2025 | $254,978 | $1,330 |
| Aug 2026 | $256,149 | $1,319 |
Counties
- Merrick County, NEn/a median yield
- Hall County, NE6.3% median yield
- Sherman County, NEn/a median yield
- Howard County, NEn/a median yield
- Greeley County, NEn/a median yield
Tools
Questions
- Is the Grand Island, NE metro good for rental property?
- The typical home here runs -$921 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.3%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Grand Island, NE metro have the highest rental yield?
- 68801 (Grand Island) at 6.9%, 68803 (Grand Island) at 5.6%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.