Best places to buy rental properties in Nebraska

February 8, 2022
● Written by
Teddy

Nebraska

Investing in Nebraska

The next time you think about investing in rental properties, you should consider Nebraska. The Cornhusker state is one of the largest producers of corn, beef, and other agricultural goods in the US. This state is ranked #9 in the US for Education and #6 in the US for infrastructure -- two important attributes deemed important by tenants.

The Nophin team crunched the numbers and found the five best places to invest in Nebraska rental properties.

Statewide vacancy rates

NE Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Lincoln, NE

Lincoln is the capital of Nebraska and home to the University of Nebraska.

  • Population: 291,082
  • Median household income: $60,063
  • Median 1-bedroom monthly rent: $999
  • Median listing home price: $274,900

Omaha, NE

Omaha is the largest city in Nebraska and home to four Fortune 500 companies including Berkshire Hathaway (7), Union Pacific (163), Peter Kiewit Sons' (313) and Mutual of Omaha Insurance (324).

  • Population: 486,051
  • Median household income: $62,213
  • Median 1-bedroom monthly rent: $985
  • Median listing home price: $260,000

Bellevue, NE

Bellevue means "beautiful view" in French. It's the oldest town in the state of Nebraska.

  • Population: 64,176
  • Median household income: $70,647
  • Median 1-bedroom monthly rent: $875
  • Median listing home price: $260,000

Grand Island, NE

Grand Island sits north of the Platte River. Each year, hundreds of thousands of visitors come here to watch the sandhill crane migration.

  • Population: 53,131
  • Median household income: $56,513
  • Median 1-bedroom monthly rent: $745
  • Median listing home price: $245,000

Kearney, NE

Kearney is a city first established due to the westward expansion of the railroad. It's also a great place to see the sandhill crane migration.

  • Population: 33,790
  • Median household income: $60,755
  • Median 1-bedroom monthly rent: $732
  • Median listing home price: $277,000

Nophin is landlord banking and software for rental properties

With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!

Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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