Similar to its nearby areas, it's significantly less expensive compared to the entire country. It's substantially less expensive compared to the city of Omaha.
Home prices
The median home in Essex is valued at $73,700. This is is very similar in comparison to other places in this area.In comparison to the entire country it is approximately $143,800 (66%) lower, and in comparison to the city of Omaha it is roughly $86,000 (53%) lower.
Rents
In Essex the median monthly rent is $663. It is roughly $82 (14%) higher compared to the surrounding areas.It is approximately $399 (37%) lower in comparison to the US as a whole, and is about $260 (28%) lower compared to the city of Omaha.
Nearby places
Shenandoah
Shenandoah is about 5 miles southwest of Essex. Housing prices there are a bit more expensive. The median home in Shenandoah costs $85,000, which comes out to $11,300 (13%) higher than Essex. The rent there is similar. In Shenandoah the median monthly rent is $663, which is very similar to Essex.
Farragut
Farragut is approximately 10 miles southwest of Essex. Its housing prices are similar. The median home in Farragut is valued at $74,800, which is $1,100 (1%) higher than Essex. Its rents are a lot less expensive. Farragut's median monthly rent is $500, which comes out to $163 (32%) lower than Essex.
Randolph
Randolph is roughly 12 miles west of Essex. Its real estate prices are a bit more expensive. The median home in Randolph is valued at $82,800, which is $9,100 (10%) higher than Essex. Its rents are somewhat less expensive. The median rent in Randolph is $625 a month, which comes out to $38 (6%) lower than Essex.
Coin
Coin is roughly 12 miles south of Essex. The housing prices there are substantially less expensive. The median home in Coin is valued at $45,900, which works out to $27,800 (60%) lower than Essex. The rent there is significantly less expensive. In Coin the median monthly rent is $475, which works out to $188 (39%) lower than Essex.
Red Oak
Red Oak is roughly 12 miles north from Essex. The real estate prices there are a bit more expensive. The median home in Red Oak is valued at $82,400, which comes out to $8,700 (10%) higher than Essex. The rent there is fairly similar. In Red Oak the median rent is $642 per month, which comes out to $21 (3%) lower than Essex.
