RentData

Average Rent in Hooker County, NE Rents rising 4.0% YoY🔻 2nd cheapest in NE

HUD FY2025 · Official government data · Updated annually · Metro pop. 613

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Hooker County, NE has rental prices ranging from $622/month to $1,204/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $798/month — 43% below the national average of $1,400/month. With a median household income of $45,854/year, spending $798/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Hooker County Compares

With an average 2-bedroom rent of $907/month, Hooker County ranks #87 most expensive of the 88 cities tracked in Nebraska — more affordable than 71% of all US cities in our data.

The Hooker County Rental Market

The Hooker County, NE area has a population of about 613 and 40% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Hooker County, NE have risen by $35/month (4.0%) over the past year, from $872 to $907. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Hooker County, NE without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,920. The local median household income of $45,854 exceeds that threshold by $13,934, making Hooker County relatively accessible compared to local wages.

Economy & Jobs

Hooker County, NE has an unemployment rate of 5.1%, 1.2 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$622
Affordable
1 Bedroom
$798
Affordable
2 Bedrooms
$907
4.0% YoY
Affordable
3 Bedrooms
$1,129
Affordable
4 Bedrooms
$1,204
Average
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Is Hooker County, NE Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$36,280/year
Local median income: $45,854
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $907/month and 20% down on a home at 7% rate.

Nearby Cities in NElargest metros in the state

CityStudio1BR2BR3BRHome Value
Lincoln$815$910$1,125$1,576
Hall County$770$911$1,123$1,426
Buffalo County$651$778$941$1,254
Dodge County$690$767$1,006$1,212
Scotts Bluff County$645$759$940$1,317
Madison County$636$707$928$1,192

Rent or Buy in Hooker County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Hooker County data

$
Home Value
$350,000
2BR Rent
$907/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $907/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Hooker County

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Frequently Asked Questions

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🏘️Neighborhoods in Hooker County

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💵Rent Affordability in Hooker County

Salary needed to afford rent here

🗺️All Cities in NE

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⚖️Compare Hooker County

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📋NE Tenant Rights

Deposit limits, eviction laws & renters protections