Stratton is located in southwest Nebraska. Stratton is part of Hitchcock County. Stratton has 0.43 square miles of land area and has no water area. As of 2010-2014, the total Stratton population is 389, which has shrunk 1.77% since 2000. The population growth rate is much lower than the state average rate of 8.44% and is much lower than the national average rate of 11.61%. Stratton median household income is $32,857 in 2010-2014 and has grown by 29.49% since 2000. The income growth rate is lower than the state average rate of 33.50% and is higher than the national average rate of 27.36%. Stratton median house value is $44,500 in 2010-2014 and has grown by 53.98% since 2000. The house value growth rate is higher than the state average rate of 47.84% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Stratton is worse than the state average in quality. The Stratton area code is 308.