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Nebraska real estate

Nebraska – Where the Corn AND the Housing Numbers Grow!

While it may not get the headlines like other places do, Nebraska is actually a popular spot for housing investors. In fact, the city of Aurora takes up less than two square miles, but it is a hub for out-of-state investors who love its small-town charm as much as they love the fact that it’s housing market doesn’t bubble OR dip!

But what about Nebraska’s largest city?

At the beginning of 2013, Omaha’s foreclosure rate was well below the national average, which is great for the overall housing market. That means homes for sale in Omaha don’t have to worry about being dragged down by a glut of foreclosures. In fact, over the past five years, Omaha’s median sales price has gone up nearly 20%!

Plus, by the time 2012 came to a close, Omaha had something else to brag about – a record number of housing permits. That means a ton of new homes will be on the market here in 2013. And, more importantly, it shows that builders are confident about the direction Omaha’s housing market is heading in. In fact, they’re so confident, they’re willing to put their money where their mouth is!

Other towns are booming, too. The homes for sale in Grand Island in 2012 fetched more than $100 million by year’s end. And, the city issued $79 million worth of building permits for new construction, much of which is due to go up in 2013.

As of mid-January, Nebraska got some even better news – the number of bankruptcy filings here fell to its lowest level since before the Great Recession. A big part of the reason for the drop was the improved housing market. Since fewer people are losing their homes to foreclosure, fewer of them have to file for bankruptcy.

However, there’s an upside for the housing market, too. With fewer Nebraskans in dire financial straits, more of them can afford to make major purchases – like buying homes, for example.

It’s a cycle that you want to see if you live here!

Overall, the experts are expecting good things for Nebraska’s economy in 2013. The second half of 2012 was a strong one, economic-wise, and they say there’s no reason to believe that trend won’t continue. Luckily for Nebraskans, this state relies heavily on agriculture (hey, they don’t call it the Cornhusker State for nothing!), so it takes quite a lot for the economy here to be anything but stable. That means lots of people here have steady paychecks to spend on housing…

…And realtors in Nebraska couldn’t be happier about it!

Living in Nebraska

Are you searching for a place to live with beautiful open plains, small towns, and lots of snow? Then Nebraska may be the ideal place for you.

The weather in Nebraska is typical in the Great Plains with hot summers and cold winters. The state typically receives between 25 and 35 inches of snow every year.

But before you grab your shovel, let’s go over some of Nebraska’s fast facts:

  • What is the population of Nebraska?
  • The population of Nebraska is 1,845,525
  • What is the capital of Nebraska?
  • The capital of Nebraska is Lincoln
  • What is the largest city in Nebraska?
  • The largest city is Omaha

The expansive, treeless prairies here are ideal for cattle-grazing, which lends itself to the meat and farming industry. In fact, Nebraska is America’s main producer of beef, pork, corn and soybeans. Sand Hills is home to the Spade Ranch, the oldest and largest beef cattle operations in the state.

Freight transport by rail and truck have become vital to the economic sector as has telecommunications, manufacturing, information technology, and insurance companies. North Platte is home to Union Pacific’s Bailey Yard, the world’s largest train yard. Kawasaki Motors Manufacturing, located in Lincoln, is the only Kawasaki plant to manufacture ATV Jet-Ski and Mule products.

If you don’t want to deal with a ton of traffic, you’re in luck! Nebraska is one of the least-densely populated states. Only 11% of Nebraska’s cities have more than 3,000 people! While more than half of the state’s counties reported declining populations between 1990 and 2000, the more urbanized areas of the state have seen considerable growth.

There is so much to do and see in here. Omaha's Henry Doorly Zoo and Aquarium is sure to please people of all ages. Its Desert Dome houses the world’s largest indoor desert and highlights geological features from deserts all around the world. More than 25 million people have visited this site over the past 40 years!

Also located in Omaha, the Strategic Air and Space Museum is a fun learning experience for the whole family – as it features all kinds of United States Air Force military aircraft and nuclear missiles.

Experiencing all of this sounds like it’s worth some shoveling, huh?!

This is the Census data for Nebraska

Population

Total population estimate for Nebraska (July 1) 2012
1,855,525
Total population change for Nebraska- April 1, 2010 to July 1, 2012
1.6%

Age

Percentage of the population that's under 5 years old in Nebraska, 2011
7.1%
Percentage of the population that's under 18 years years old in Nebraska, 2011
25.0%
Percentage of the population that's 65 years and over Nebraska, 2011
13.6%

Gender

Percentage of the population that are females in Nebraska, 2011
50.3%

Race breakdown for Nebraska in percentages

White alone, 2011
90.1%
Black alone, 2011
4.7%
American Indian and Alaska Native alone,2011
1.3%
Asian alone, percent, 2011
1.9%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.8%
Hispanic or Latino Origin, 2011
9.5%
Not Hispanic, White alone, 2011
81.8%

A little more about the residents of Nebraska

Percentage of residents who lived in the same house 1 year ago, 2007-2011
82.9%
Percent of residents who are foreign born 2007-2011
6.0%
Percent speaking a language other than English at home, 2007-2011
9.9%

Education

Percent high school graduates or higher for residents 25 years old and over in Nebraska, 2007-2011
90.3%
Percent with a bachelor's degree or higher for residents 25 years old and over in Nebraska, 2007-2011
27.8%

Veterans

Total number of Veterans living in Nebraska 2007-2011
148,078

Communting

The average travel time to work for workers in Nebraska (16 years and over not working at home), 2007-2011
18.0 mins

Real estate stats in Nebraska

Housing unit estimates, 2011
801,185
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
68.3%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
19.5%
Median value of specified owner-occupied housing units, 2007-2011
$125,400.00
Households, 2007-2011
715,703
Average household size, 2007-2011
2.46

Income

Per capita income for Nebraska in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$26,113.00
Median household income in Nebraska, 2007-2011
$50,695.00
Percentage of people living in poverty in Nebraska 2007-2011
12.0%

Business and commerce info for Nebraska

Private nonfarm establishments, 2010
51,886
Private nonfarm employment for pay period including March 12, 2010
769,436
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
2.4%
Total number of businesses in Nebraska, 2007
159,665
Percentage of Black-owned businesses in Nebraska, 2007
1.8%
Percentage of American Indian- and Alaska Native-owned businesses in Nebraska , 2007
0.4%
Percentage of Asian-owned businesses in Nebraska, 2007
1.4%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Nebraska, 2007
NA
Percentage of Hispanic-owned businesses in Nebraska, 2007
1.9%
Percentage of Women-owned businesses in Nebraska, 2007
25.7%

Land size and population

Size of Nebraska in Square Miles, 2010
76,824.17 mi²
Population per square mile in Nebraska, 2010
23.8

Nebraska real estate

Bellevue

Bennington

Elkhorn

Grand Island

MinatareNE

MitchellNE

Morrill NE

Nebraska City

Out Of State

Outside Area (Outside Ca)

Papillion

Syracuse

wahoo