With the vast and serene landscapes of the Great Plains combined with charming towns and welcoming communities, Nebraska is one of the many great states to live in the Midwest. So if you’re considering moving to the state, then chances are you have a budget you’d like to stay under when it comes to renting or buying a home. For example, the median home sale price in Nebraska is $385,000 as of July.
If that number is out of your budget, don’t worry. We’ve got options to help you find a home. Redfin has collected 4 of the most affordable places to live in Nebraska. And the best part is that they all have a median home sale price under the state’s average. From Omaha to Lincoln, find out which cities made the list.
#1: Bellevue
Median home price: $271,250
Average sale price per square foot: $139
Average rent for a 1-bedroom apartment: $959
Median household income: $70,647
Nearest major metro: Omaha (10 miles)
Bellevue, NE homes for sale
Bellevue, NE apartments for rent
With a median home sale price of $271,250, Bellevue is the most affordable place to live in Nebraska. There are about 64,200 residents living in this mid-sized city, located about 10 miles south of Omaha. If you’re considering moving to this area make sure to explore Fontenelle Forest, visit the Sarpy County Museum, enjoy outdoor activities at Haworth Park, and play a round of golf at Tregaron Golf Course.
#2: Omaha
Median home price: $271,250
Average sale price per square foot: $153
Average rent for a 1-bedroom apartment: $1,165
Median household income: $62,213
Nearest major metro: Lincoln (60 miles)
Omaha, NE homes for sale
Omaha, NE apartments for rent
Nebraska’s second most affordable city to live in is Omaha. When living in this city of 486,100 people, you can visit the Henry Doorly Zoo and Aquarium, and explore the Old Market district for shopping, dining, and entertainment. Don’t miss out on strolling along the Bob Kerrey Pedestrian Bridge which spans the Missouri River and offers scenic views of Omaha’s skyline.
#3: Grand Island
Median home price: $272,000
Average sale price per square foot: $111
Average rent for a 1-bedroom apartment: $667
Median household income: $56,513
Nearest major metro: Lincoln (95 miles)
Grand Island, NE homes for sale
Grand Island, NE apartments for rent
Third on our list is Grand Island where about 53,100 residents currently live. The median home sale price is $272,000 which is about $100K less than the median home sale price in Nebraska. Make sure to visit the Stuhr Museum, explore the beautiful Crane Trust Nature Center in nearby Wood River, and attend a live event or concert at the Heartland Events Center if you move to the third most affordable city.
#4: Lincoln
Median home price: $285,000
Average sale price per square foot: $156
Average rent for a 1-bedroom apartment: $1,195
Median household income: $62,213
Nearest major metro: Lincoln (60 miles)
Lincoln, NE homes for sale
Lincoln, NE apartments for rent
Only slightly more expensive than Grand Island is the city of Lincoln, the final city on our list of affordable places to live in Nebraska. With roughly 291,100 residents in Lincoln, make sure to visit and take a guided tour of the Nebraska State Capitol, explore the beautiful Sunken Gardens, and check out the exhibits at the Sheldon Museum of Art.
Methodology: All cities must have over 50,000 residents per the US Census and have a median home sale price under the average median home sale price in Nebraska. Median home sale price and median sale price per square foot from the Redfin Data Center during July 2023. Average rental data from Rent.com July 2023. Population and median household income data sourced from the United States Census Bureau.
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