Rent to own Homes in Papillion, NE
Papillion Creek was named by French explorers for the large number of butterflies that once flitted about its waters. In the 1870s, railroad construction led to the formation of the town of Papillion along the creek. Papillion is located in eastern Nebraska and is the county seat of Sarpy County. Today its population stands at about 19,000, and this suburb of Omaha was at the top of Livability.com's list of Top Small Towns in America in 2011.
Papillion, NE is a great place for affordable rent-to-own homes! With a median household income of over $90,000 and a median rent of $955, the Papillion, 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 Papillion, 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 Papillion, NE Property Resources
Rent to own Homes in Cities Near Papillion, NE
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- Modale
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- Papillion
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Neighborhoods in Papillion, NE
Northwest Papillion rent to own homes South Papillion rent to own homes Midtown Papillion North rent to own homes Papillion rent to own homes Northeast Papillion rent to own homes West Papillion rent to own homes Midtown Papillon South rent to own homes East Papillion rent to own homesPopular Zip Codes in Papillion, NE
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Papillion, NE is seeing rapid growth and Papillion, NE's' housing market remains not optimal with an average home price that is 2% above the 2024 national average. Papillion, NE is part of Sarpy 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 Sarpy is 2.07% which is above the national average, which is 0.99%.
Median Home Price in Papillion, NE
Median Rent in Papillion, NE
So Many Reasons to Love Papillion, NE
Great local restaurants! For an outstanding breakfast, try Wheatfields Papillion, where you can get rich Russian hash browns and great egg dishes. Which Wich Superior Sandwiches will make your sandwich to order from their amazing selection of toppings; be sure to try their house chips. For dinner, the Hop House Bar and Grill has expanded its menu to include fresh new dishes served with cold beers.
Rising home values! The median home value in Papillion is $200,000, up over 7 percent over the past year. Values are expected to rise almost 2 percent in the coming year, so this is a great place to invest in real estate. Great rent to own options are available in the neighborhood surrounding Mathies Drive, while more upscale properties can be found near the Tara Hills Golf Course.
Fun things to do! Gather a group of friends for a round of drinks and a friendly volleyball match at Sinnott's Sand Bar, where you can relax by the fire pits when you're done playing. For more outdoor activities, try Papio Fun Park for Go Kart racing, miniature golf, and a water balloon battle zone.
Great deals on homes for sale! While the median listing price of homes for sale is $259,000, the average price that a home is sold for is just $190,350. This is great news for buyers who want to negotiate a good deal on a new property. Check out the neighborhood north of Centennial Road or the presidential neighborhood between Polk and Adams Streets for lovely, affordable homes.
Lovely local parks! Papillion has a lot of green space to enjoy. Papillion City Park, Halleck Park, and Lawrence Peterson Park all border the Papillion Creek in the center of town. All three parks offer ample space to play or relax in nature.
Batter up! Papillion is a baseball town. The Papillion Baseball Association hosts two seasons for young players and has its choice of 10 fields across the town, including the flagship E. A. Fricke Field. Papillion is also the home of Werner Park, the minor league ballpark of the AAA Storm Chasers.
Plenty of shopping! The Shadow Lake Towne Center has most of your shopping needs in one convenient location, including the local Hy-Vee and a Best Buy. There's also a Kohl's on the north end of town.