Rent to own Homes in Lincoln, NE
Lincoln, once known as Lancaster, became the state capital of Nebraska in 1867 and is the second-biggest city in the state. As such, Lincoln is the center for education, state governance, and transportation for the region, but has managed to maintain a small-town feel despite its importance and relatively large population of over 250,000. It is also a college city and has attracted people of all backgrounds from around the world over the last few decades, giving it a diverse and multicultural feel.
Lincoln, NE is a great place for affordable rent-to-own homes! With a median household income of over $60,063 and a median rent of $871, the Lincoln, 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 Lincoln, 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 Lincoln, NE Property Resources
Rent to own Homes in Cities Near Lincoln, NE
Neighborhoods in Lincoln, NE
40th&A rent to own homes Amber Hills rent to own homes Amold Heights rent to own homes Antelope Park rent to own homes Autumn Wood rent to own homes Belmont rent to own homes Bethany rent to own homes Bicentennial Estates rent to own homes Bishop Park rent to own homes Capitol Beach rent to own homesBuying a Home in Lincoln, NE
Lincoln, NE is seeing rapid growth and Lincoln, NE's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Lincoln, NE is part of Lancaster 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 Lancaster is 1.89% which is above the national average, which is 0.99%.
Median Home Price in Lincoln, NE
Median Rent in Lincoln, NE
Top Reasons to Live in Lincoln NE
Housing Statistics The residents of the city live on an average household income of a nearly $50,000, with a per capita income of roughly half that. The median price for a rental property is around $680 per month, while the median house sale price is roughly $150,000, with an average sale price reaching $185,000. Property sales across all types fluctuate monthly, but average out at roughly 750 per month. Price breakdowns per property type suggest that detached houses are most expensive, with average prices of about $190,000, and mobile homes are least expensive, averaging out at about $65,000.
Arts and Culture Lincoln has a vibrant arts and culture scene, ranging from museums and galleries to concerts and festivals. For live music, there are several venues of note, including Pershing Auditorium, Duffy's Tavern, Bourbon Theater, Knickerbockers, Red9, the Zoo Bar, and Duggan's Pub. The latter two are great for blues and smaller acts. The Pla-Mor Ballroom is perfect for anyone interested in dance, while the resident house band there, the Shady Creek Band, is well-known throughout the city. For larger Broadway production tours, concerts, and guest lectures, the Lied Center is the perfect venue. There are several other performing arts centers within the city such as Haymarket Theater and the Loft at the Mill. The range of museums in the city is also eclectic, from the Museum of American Speed to the National Museum of Rollerskating, and the more traditional Museum of Nebraska History and the Schleich Red Wing Pottery Museum. Tours around the city's major architecturally and historically significant landmarks can be arranged, with the Capitol building being of particular interest.
Outdoor Activities Lincoln has a host of outdoor venues and activities to enjoy throughout the year. Pioneers Park is home to a variety of interesting statues, as well as being a popular spot for picnics during the summer and sledding during the winter. In addition to this, there are a range of trails used for biking and hiking, golf courses, and free admission to the Nature Center, providing some insight into the different flora and fauna in the region. The Zoo and Botanical Gardens are also popular outdoor attractions, especially for families, containing over 300 animals and 400 different species of plants. Educational programs are offered, helping children understand the importance of protecting endangered and rare species, of which there are several at the zoo. If you fancy a swim, Star City Shores is one of Nebraska's biggest swimming pools. This water park is particularly popular during the summer, providing swimming, climbing, and some sandy shores to relax on.
Neighborhood Guide Lincoln has roughly 30 neighborhoods spread across the city. As with any major city, Lincoln contains a Downtown neighborhood as the center for business and finance, as well as a host of other historic districts. Some of the major neighborhoods in the city include: