Rent to own Homes in Kearney, NE
Kearney, a small city of approximately 30,000 residents, is the seat of Buffalo County in central Nebraska. Though originally called Dobytown, the settlement was renamed Kearney after nearby Fort Kearny, an important landmark along the Oregon Trail. Kearney is also known as the "Midway CIty," as it is located halfway between the Atlantic and Pacific Oceans. Today, it is a thriving community with many cultural activities to enjoy.
Kearney, NE is a great place for affordable rent-to-own homes! With a median household income of over $60,755 and a median rent of $793, the Kearney, 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 Kearney, 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.
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Kearney, NE is seeing rapid growth and Kearney, NE's' housing market remains optimal with an average home price that is -13% below the 2024 national average. Kearney, NE is part of Buffalo 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 Buffalo is 1.41% which is above the national average, which is 0.99%.
Median Home Price in Kearney, NE
Median Rent in Kearney, NE
Top 5 Reasons to Live in Kearney, NE
Get into the buyer's market! The current median listing price of a house for sale in Kearney is $219,000, but the average sales price is just $150,000. Buyers are getting terrific deals on houses for sale here, especially in the Glenwood Park neighborhood. For rent to own options, there are many affordable possibilities offered.
Fabulous local restaurants to fulfill every craving! Of course there are many pizza joints, but Kearney also has excellent restaurants. The Egg and I is a great breakfast spot with fast service and hearty omelets. Suwannee Thai Cuisine serves up spicy Thai classics and has many gluten-free options, while El Maguey offers a variety of Mexican dishes. Try to go on a Wednesday to take advantage of their 89-cent margarita night.
Check out the arts and culture! The Museum of Nebraska Art displays the state's official art collection, which includes works from over 175 years of Nebraska's history. Great performers take the stage at the Viaero Event Center, and the state-of-the-art Robert M. Merryman Performing Arts Center offers theatrical productions in its 750-seat venue.
A variety of options for an affordable price! The average monthly rent in Kearney is just $660 per month, which is lower than both the Nebraska average of $687 and the U.S. average of $889. Grandview Apartments are right near Harvey Park and offer a fitness center and hot tub for residents to enjoy. Stratford Apartments have a variety of floor plans, including luxury layouts that come with a fireplace and built-ins, so you can get the home you desire.
Lots of local sporting events! Cheer on the University of Nebraska Kearney Lopers as they face NCAA Division II rivals in football at the Ron and Carol Cope Stadium at Foster Field, or catch a baseball game at Memorial Field. Kearney also hosts the Shrine Bowl State High School All-Star Football Game, and their local boys competed in the Little League World Series in 2012.