Valparaiso, NE
Population 553 · Nebraska
About Valparaiso, NE
Valparaiso is a small community located in Nebraska with a population of 553 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,750 per year, which is 3% below the national median of $75,149. The median age of 43.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Valparaiso features a median home value of $190,500, which is 22% below the national median of $244,900. This positions Valparaiso in a moderately priced market relative to the rest of the country. Median monthly rent is $735, 37% below the national average of $1,163/month. Of the 268 total housing units, 86% are owner-occupied (208 units) and 14% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Valparaiso shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Valparaiso have an average one-way commute time of 31.6 minutes.
Education & Demographics
21.1% of Valparaiso 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 0.0% White, 1.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Valparaiso, NE
Compared to national averages, Valparaiso has a median household income of $72,750 (3% below the national median of $75,149). Home values average $190,500, which is 22% below the national median. Monthly rent at $735 is 37% below the US average of $1,163. Within Nebraska, Valparaiso's income is 10% above the state average of $65,895, and home values are 51% above the state median of $125,824.
Why Live in Valparaiso, NE?
Valparaiso offers affordable housing with a median home value of $190,500, below the US average of $244,900, and rent that’s lower than the national average at $735/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a low poverty rate of 4.0%, better than the national average.
Potential considerations include median household income ($72,750) that falls below the national average. However, Valparaiso’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Valparaiso has a population of 553 with a median age of 43.1 years. Compare Valparaiso with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Valparaiso
What is the population of Valparaiso, NE?
The population of Valparaiso, NE is 553 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Valparaiso?
The median household income in Valparaiso, NE is $72,750 per year, which is 3% below the national median of $75,149.
What is the median home value in Valparaiso?
The median home value in Valparaiso, NE is $190,500, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Valparaiso?
The median monthly rent in Valparaiso, NE is $735, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Valparaiso?
The unemployment rate in Valparaiso, NE is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Valparaiso, NE a good place to live?
Valparaiso offers a moderate cost of living, affordable housing, and a strong job market. With a population of 553 and a median age of 43.1, the city appeals to a broad range of residents.
How educated is Valparaiso, NE?
21.1% of residents in Valparaiso 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 Valparaiso?
Key cost-of-living indicators for Valparaiso, NE: median home value is $190,500 (22% below national), median rent is $735/month, and median household income is $72,750. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Valparaiso?
The poverty rate in Valparaiso, NE is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Valparaiso, NE?
Valparaiso's population is 0.0% White, 1.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.