The top rental markets in Nebraska are Omaha and Lincoln.
The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.
Nebraska Rental Trends:
Nebraska is located in the Midwest and has positive numbers reported in each category – with great schools and a strong economy, Nebraska is a great place for a high ROI for property investors. Here are some highlights from the top rental markets in the Cornhusker State.
Days on Market:
The city with the lowest days on market is Omaha at 17 – just above the national average which sits at 15 days; Lincoln has the highest number of days on market at 18, a mere 3 days above the national average.
The top two towns for the largest amount of leads per listing are above or around the national average sitting at 38. Here they are:
- Omaha – 52 leads per listing
- Lincoln – 35 leads per listing
Average Rent: (2 bedroom listings)
With the national average rent at $1,207 for a two-bedroom, Lincoln comes below that with the lowest average rent of $912 for a two-bedroom compared to the highest rent in Nebraska at $1,019 in Omaha, both under the national average.
Median Home Sale Price:
According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,000. Nebraska’s highest median sale price comes below that at $195,000 in Lincoln with its lowest median sale price at $188,000 in Omaha.
Nebraska’s median income rings in at $45,530 – below the national average at $48,500.
Security Deposit Trends:
Security deposits have both risen and fallen in Nebraska’s cities between 2018 and 2019. With the largest being an increase of 83.337% in Lincoln at $1,100, and the largest decrease at -16.67% in Omaha with the current average at around $1,000 – just under the national average for security deposits which is $1,200.
All of Nebraska’s cities have a livability score of 75 or higher with the highest being Lincoln at 80!
Please visit here for our full methodology.
Whether you’ve found the best investment property in these top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.