Nebraska Real Estate Market Trends & Analysis

The Nebraska real estate market boasts incredible affordability. With a price-to-rent ratio leaning heavily in favor of homeownership, it is actually cheaper to buy a home in most of Nebraska than to rent one. As a result, the “Cornhusker State” has seen housing demand demand increase in conjunction with prices.

Despite nearly seven consecutive years of appreciation, however, homes are still affordable enough in Nebraska for most people to at least consider buying. If that wasn’t enough, Nebraska was one of the handful of states that actually saw foreclosure activity increase in the latter part of 2019.

One thing is for certain: there appears to be plenty of affordable inventory across the state. Savvy buyers, not the least of whom may be investors, should be able to benefit more than just about everyone else.

Nebraska Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Title Companies, Lenders, Real Estate Agents, Attorneys
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial
Process Period: 5 - 6 months
Notice of Sale: Sheriff
Redemption Period: None

Taxes

Income Tax: 2.46% - 6.84%
Corporate Tax: 5.58 - 7.81%
Sales Tax: 5.50%
Estate Tax: No
Inheritance Tax: 1% - 18%
Median Property Tax: 1.76%
Property Taxes by County: http://www.tax-rates.org/nebraska/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,654.00
Transfer Fee: 0.23%
Origination Fee: $1,975.00

Overview

  • Median Home Value: $168,600
  • 1-Year Appreciation Rate: +5.8%
  • Median Home Value (1-Year Forecast): +2.6%
  • Median Rent Price: $1,250
  • Price-To-Rent Ratio: 11.24
  • Average Days On Market: 55
  • Unemployment Rate: 3.1% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 1,929,268 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $56,675 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 9.70%
  • Foreclosure Rate: 1 in every 4,431

Nebraska Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Lien State
  • Interest Rate: 14%
  • Redemption Period: 3 Years