Harvard, NE
Population 1,001 · Nebraska
About Harvard, NE
Harvard is a small town located in Nebraska with a population of 1,001 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,813 per year, which is 10% below the national median of $75,149. The median age of 37.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Harvard features a median home value of $98,400, which is 60% below the national median of $244,900. This makes Harvard one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $720, 38% below the national average of $1,163/month. Of the 465 total housing units, 76% are owner-occupied (318 units) and 24% are renter-occupied (98 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Harvard shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Harvard have an average one-way commute time of 25.1 minutes.
Education & Demographics
16.8% of Harvard residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 25.5% White, 3.9% Hispanic or Latino, 0.0% Black or African American, and 4.8% Asian residents, with 8.8% of the population being foreign-born.
How Harvard Ranks in Nebraska
Cost of Living in Harvard, NE
Compared to national averages, Harvard has a median household income of $67,813 (10% below the national median of $75,149). Home values average $98,400, which is 60% below the national median. Monthly rent at $720 is 38% below the US average of $1,163. Within Nebraska, Harvard's income is 3% above the state average of $65,895, and home values are 22% below the state median of $125,824.
Why Live in Harvard, NE?
Harvard offers affordable housing with a median home value of $98,400, below the US average of $244,900, and rent that’s lower than the national average at $720/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a low poverty rate of 8.9%, better than the national average.
Potential considerations include median household income ($67,813) that falls below the national average. However, Harvard’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Harvard has a population of 1,001 with a median age of 37.1 years. Compare Harvard with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Harvard
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stromsburg | 1,007 | $61,182 | $159,100 | Compare |
| Arapahoe | 1,010 | $63,173 | $95,000 | Compare |
| Red Cloud | 991 | $50,536 | $64,800 | Compare |
| Loup City | 988 | $50,625 | $101,500 | Compare |
| Burwell | 1,020 | $64,821 | $125,000 | Compare |
| Tilden | 977 | $66,731 | $116,900 | Compare |
| Cambridge | 1,036 | $60,066 | $104,800 | Compare |
| Crawford | 957 | $58,438 | $75,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Harvard With Other Cities
Frequently Asked Questions about Harvard
What is the population of Harvard, NE?
The population of Harvard, NE is 1,001 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nebraska.
What is the median household income in Harvard?
The median household income in Harvard, NE is $67,813 per year, which is 10% below the national median of $75,149.
What is the median home value in Harvard?
The median home value in Harvard, NE is $98,400, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Harvard?
The median monthly rent in Harvard, NE is $720, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Harvard?
The unemployment rate in Harvard, NE is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Harvard, NE a good place to live?
Harvard offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,001 and a median age of 37.1, the city appeals to a broad range of residents.
How educated is Harvard, NE?
16.8% of residents in Harvard aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Harvard?
Key cost-of-living indicators for Harvard, NE: median home value is $98,400 (60% below national), median rent is $720/month, and median household income is $67,813. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Harvard?
The poverty rate in Harvard, NE is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Harvard, NE?
Harvard's population is 25.5% White, 3.9% Hispanic or Latino, 0.0% Black or African American, 4.8% Asian, and 0.6% two or more races. 8.8% of residents are foreign-born.