Rent to own Homes in North Platte, NE
Located in Lincoln County, Nebraska, North Platte is nestled at the confluence of North and South Platte Rivers, which provide a scenic backdrop for many outdoor activities. As the county seat, North Platte's population was 24,733 as of the 2010 census. The city was founded in 1868 when Union Pacific Railroad first came through, and North Platte is still the setting for Bailey Yard, the largest active railroad yard in the world.
North Platte, NE is a great place for affordable rent-to-own homes! With a median household income of over $52,653 and a median rent of $774, the North Platte, 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 North Platte, 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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Rent to own Homes in Cities Near North Platte, NE
Neighborhoods in North Platte, NE
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69103 rent to own homesBuying a Home in North Platte, NE
North Platte, NE is seeing rapid growth and North Platte, NE's' housing market remains optimal with an average home price that is -42% below the 2024 national average. North Platte, NE is part of Lincoln 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 Lincoln is 1.76% which is above the national average, which is 0.99%.
Median Home Price in North Platte, NE
Median Rent in North Platte, NE
Top 5 Reasons to Live in North Platte, NE
Local attractions! At Golden Spike Tower, you can see all types of trains and view the Platte River Valley and Union Pacific's Bailey Yard. It's also a great spot to watch the crane migration. America's 20th Century Veterans Memorial honors fallen heroes, so it's a perfect spot for learning and reflecting on the nation's history.
Affordable housing! In 2011, the median house price for all units was $102,741, according to City Data. North Platte has a relatively low cost of living, and 30 percent of the population was engaged in work in the transportation sector, many for Union Pacific Railroad, a major employer. Other employers are the area's restaurants, local businesses, and health care providers. Residential areas surrounding Buffalo Bill Ranch State Park, Cody Park and Eisenhower Park offer affordable single-family detached dwellings with easy access to park amenities.
Lots of available housing! North Platte has a variety of housing available, from studio apartments to elegant estates, historic homes, waterfront cottages and condominiums. Although most mortgages are traditional, there is still an occasional opportunity to obtain rent to own houses, along with other types of creative financing. The city's Tourism Department offers customized group tours so you can see the area before you buy. Residential areas near Westfield Shopping Center and North Platte Mall offer convenience for shoppers, while a residence within walking distance of North Platte Public Library would be great for book lovers.
Abundant recreation initiatives! Enjoy rides, concessions and great recreation for all ages at Cody Park. This park features a 1913 Herschell-Spikeman Carousel with original carousel horses. Also visit Centennial Park, Memorial Park or a local dog park for outdoor fun. Platte River Fitness is a community fitness initiative between Great Plains Health and North Platte Recreation Department, and they sponsor local races. Iron Eagle Golf Course is North Platte's best public golf course, or you can check out the Lake Maloney State Recreation Area for swimming, boating, fishing and picnicking among its top activities.
Tons of fun things to do! The Alpha Omega Labyrinth offers an opportunity for reflection and contemplation as you wind your way through it. For history buffs, the Lincoln County Historical Museum commemorates the history of Platte Canteen, and offers a prairie village, pioneer chapel, historic homes and a pony express station.