Housing market and best cities to live in Nebraska: Affordable housing options. Low property taxes. Strong rental market. Omaha's vibrant urban life. Lincoln's educational opportunities. Growing Bellevue suburb. Friendly small-town communities. Access to public parks. Family-friendly neighborhoods. Rising job opportunities.
Affordable housing options.
In Nebraska, there is a significant shortage of affordable rental homes for extremely low-income households, with many of these households facing severe cost burdens. Cities like Lincoln and Omaha offer some affordable housing options, but the state also relies on programs like the Nebraska Affordable Housing Trust Fund to increase the supply of safe and decent affordable housing.
Low property taxes.
In Nebraska, while property tax rates vary by county, the state average is around 1.80%, but some counties have higher rates. For example, Douglas County has a rate of 2.16%, and Lancaster County has a rate of 1.99%, making it challenging to find areas with low property taxes, as even the lower rates are relatively high compared to national averages. For more detailed information on these variations, you can refer to the comprehensive insights available on the Nebraska Property Tax Rates page, which provides an in-depth look at how these differences impact homeowners across the state.
Strong rental market.
Lincoln and Omaha are highlighted as the top two cities in the U.S. for renters in 2024, according to a Forbes Advisor study. This recognition is due to their affordability, low unemployment rates, and high availability of rental units, which together make them strong markets for rental investments. To learn more about this ranking and the factors contributing to the success of these cities, you can visit the Nebraska Public Media site for further details. These cities continue to showcase promising opportunities for both renters and investors looking into the housing market trends.
Omaha's vibrant urban life.
Omaha's housing market is characterized by a competitive seller's market with average home prices around $279,760, reflecting a 2.5% increase from the previous year. The city offers a vibrant urban life with a growing economy, affordable housing, and various amenities, making it an attractive place for homebuyers and investors. For those interested in more detailed insights and trends, the Omaha Real Estate Market blog provides valuable information on what makes the city a prime location for potential buyers and investors.
Lincoln's educational opportunities.
The Nebraska housing market in 2024 is expected to be favorable for both buyers and sellers, with home prices rising marginally and the number of houses for sale increasing. This trend is particularly noticeable in cities like Lincoln, which also offers diverse educational opportunities, including public, private, and parochial schools. In addition, Lincoln provides specialized programs such as the Arts and Humanities Focus Program and the Science Focus Program-Zoo School. For more in-depth information on these developments, you can visit the Nebraska Real Estate Market resource to better understand the dynamics at play.
Growing Bellevue suburb.
Bellevue, NE, is a highly competitive housing market with a median home price of $275K, up 0.9% from last year, and homes selling after an average of 13 days on the market. The area is known for its strong housing market trends, with appreciation rates above the national average over the past decade, making it an attractive suburb to live in near Omaha. For more detailed insights, visit the Bellevue Housing Market page, which offers a comprehensive overview of current conditions and trends in the area.
Friendly small-town communities.
Nebraska's friendly small-town communities, such as McCook, Dodge, and Harrison, offer a welcoming lifestyle with historical sites, well-maintained public parks, and various outdoor activities, making them ideal for those seeking a close-knit community and a Midwestern lifestyle. For those interested in discovering more about these charming places, the Best Small Towns to Visit in Nebraska showcases the unique attributes and attractions that make these towns a perfect choice for residents and visitors alike.
Access to public parks.
Nebraska's best cities for living, such as Omaha, Papillion, and Lincoln, offer excellent access to public parks and green spaces. For example, Omaha has a mix of historic and new construction homes with numerous parks, while Papillion features Halleck Park, a 70-acre green space with various amenities, and Lincoln is home to several major parks and the Sunken Gardens. If you are considering a move to Nebraska, exploring these cities is essential. For more information on these desirable locations, explore the list of The Best Places to Live in Nebraska.
Family-friendly neighborhoods.
In Nebraska, particularly in Omaha, family-friendly neighborhoods such as Aksarben, Northwest Omaha, West Omaha, and Westside stand out for their safe environments, affordable housing, and access to top-rated schools and various family-oriented amenities like parks, lakes, and community events. These neighborhoods offer a mix of suburban and urban living, making them ideal for families, singles, and young professionals. If you're considering a move, discover more about these Safe Affordable Neighborhoods In Omaha to find the perfect balance of community and convenience.
Rising job opportunities.
Nebraska offers rising job opportunities, particularly in sectors like transportation, agriculture, and healthcare, with cities such as Lexington, North Platte, and York standing out for their booming job markets and affordable living conditions. For more information, you can explore the Best Places to Live in Nebraska, which provide compelling insights into this state's vibrant economic landscape.