Rent to own Homes in Grand Island, NE
Appreciating values. The values of for-sale and rent to own homes, as well as those not on the market, went up by 12.7% last year in Grand Island. This is more than double the 5.2% median increase for all properties in Nebraska. You can live near a park here; look near Pier Park or Island Oasis Water Park.
Grand Island, NE is a great place for affordable rent-to-own homes! With a median household income of over $56,513 and a median rent of $780, the Grand Island, NE rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Grand Island, NE. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Grand Island, NE Property Resources
Rent to own Homes in Cities Near Grand Island, NE
Neighborhoods in Grand Island, NE
Lincoln rent to own homesBuying a Home in Grand Island, NE
Grand Island, NE is seeing rapid growth and Grand Island, NE's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Grand Island, NE is part of Hall county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hall is 1.81% which is above the national average, which is 0.99%.
Median Home Price in Grand Island, NE
Median Rent in Grand Island, NE
10 Reasons to Live in Grand Island NE
Not just for the birds. The city provides a convenient gateway to the birding activities of Hall County. Fall and spring are the best times to see local species such as sharp-tailed grouse and prairie chickens. During spring migration, as many as 500,000 cranes stop by the Big Bend Region of the Platte River Valley.
Equine excitement. You can play with the ponies at Fonner Park, which has offered thoroughbred racing since 1954. If you're interested in learning about how to ride or take care of horses, visit the Lazy K Arena, which runs horse-related activities throughout the year.
Make an offer. If you're looking to buy, don't pay attention to the median list price of $144,900, or $111 per square foot. Houses sell for a median $127,100 ($103 per square foot), almost 13% less. An agent from the Grand Island Board of Realtors can tell you if any offerings consist of rent to own houses. Consider looking in one of town's great neighborhoods, like Parkview.
Connecting with culture. The Grand Island Little Theater has been performing popular musicals and live theater since 1960. The Grand Island Concert Association brings classical music to the prairie ranging from Russian pianists to brass ensembles.
Fewer common walls. If your dream is to own a stand-alone house, perhaps with rent to own financing, over 93% of the properties in Grand Island are single-family. The average house has 1,251 square feet and was built in 1967. Like to eat at great restaurants near home? Check out stellar spots like Whiskey Creek Steakhouse and Tommy's Restaurant.
Respecting history. Grand Island preserves much of its past in its downtown buildings. One of the earliest is the Bartenbach Opera House, which was built in 1883 and is now office space. The Grand Theater opened as an Art Deco masterpiece in 1937. It still shows current and classic films and holds events.
Price-cut bargains. About 26% of the houses for sale in Grand Island already have price cuts. The median value of a home in Grand Island is $127,400, putting it between the values of properties in Hastings at $112,200 and Doniphan at $205,000. Consider looking on main residential streets like West Faidley or Bismark Road.
Come to the state fair. Everybody comes to Grand Island during the last week of August because the city is the site of the Nebraska State Fair. You can marvel at agricultural exhibits (complete with live animals), applaud performers in shows, and compete in contests such as food eating.
All kinds of shopping. Want to stroll through the charming individually owned shops of a historic center? Then downtown will satisfy you with a bookstore, antique malls, music supply shop and bakery. Prefer the comfort of a climate-controlled interior? Conestoga Mall has all the trendy chains anchored by such giants as Sears, Dillard's and Best Buy.