Updated: Feb 16
by Brian Kays
Raymond Bucko, SJ, CC BY 2.0, via Wikimedia Commons
If you're keeping an eye on the real estate market in Nebraska, there are a few key trends and developments worth noting.
One of the biggest changes happening in the state is the growing popularity of rural living. In recent years, towns around Omaha and Lincoln have seen a surge in new construction and development, as more and more people are choosing the small town feel areas. This trend is driven by the desire for space, access to smaller schools and the wide availability of high speed internet. People are now working from home either full or part time. With the advancement of vehicle technology a drive into the city is not as difficult as it once was.
Another trend to watch out for is the increasing demand for energy-efficient and sustainable homes. As more and more homeowners become aware of the environmental impact of their homes, they are looking for ways to reduce their energy consumption and carbon footprint. This has led to a rise in the construction of new homes that are built to higher energy efficiency standards. Even the creation of new classifications such as "tiny homes" or Barndominiums.
A third trend that is becoming more prevalent in Nebraska is the growing popularity of home-sharing platforms like Airbnb or VRBO. With more and more people looking to supplement their income by renting out a room or their entire home, this trend is likely to continue to grow in popularity in the state. Investors from Nebraska and other states are starting to pay attention to the potential the area has to offer due to the many large events hosted by Omaha and Lincoln such as the College World Series and Olympic Swim Trials.
Finally, it's worth noting that Nebraska is still one of the most affordable states in the US to live in. The state's relatively low cost of living and steady home prices make it an attractive option for buyers who are looking for a great value. With interest rates slowly creeping down and the market moving to a balance between Buyers and Sellers the affordability should continue.
Overall, the real estate market in Nebraska is evolving in interesting ways, with an increase in rural living, sustainable homes, home-sharing platforms and affordability. It's a great time to invest in a home in Nebraska, whether you're a first-time buyer or a seasoned investor.