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Best Cities for Homeownership in Nebraska – Full Ranking

May 12, 2014
Home Search, Mortgages
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Rank City Homeownership Rate Median Selected Monthly Homeowner Costs Median Monthly Household Income Homeowner Costs as % of Household Income Median Home Values 2012 Population 2010 Population 2010-2012 Population Growth Overall Score for Home Owners
1 Minden 76.6% $858 $4,224 20.3% $85,600 2,691 2,516 7.0% 78.5
2 Ord 75.1% $852 $3,586 23.8% $77,000 2,400 2,208 8.7% 77.6
3 Geneva 72.2% $896 $3,646 24.6% $82,900 2,293 2,071 10.7% 75.4
4 Imperial 80.0% $1,000 $3,995 25.0% $88,000 2,105 2,036 3.4% 73.1
5 Gretna 73.5% $1,472 $6,485 22.7% $168,800 4,807 4,164 15.4% 72.0
6 Gothenburg 81.3% $940 $4,014 23.4% $81,900 3,567 3,573 (0.2%) 71.9
7 Madison 74.7% $879 $3,775 23.3% $68,000 2,743 2,688 2.0% 69.5
8 Broken Bow 73.7% $766 $3,170 24.2% $68,700 3,525 3,538 (0.4%) 64.0
9 Falls City 70.6% $696 $3,272 21.3% $62,100 4,313 4,340 (0.6%) 63.5
10 Waverly 75.4% $1,484 $5,895 25.2% $149,400 3,336 3,131 6.5% 62.5
11 O’Neill 70.7% $906 $4,389 20.6% $91,200 3,684 3,657 0.7% 61.6
12 West Point 75.1% $927 $3,576 25.9% $83,200 3,356 3,383 (0.8%) 61.3
13 Ralston 73.4% $1,240 $4,583 27.1% $129,100 6,330 5,961 6.2% 61.2
14 Cozad 73.0% $929 $3,670 25.3% $75,800 3,975 3,990 (0.4%) 61.1
15 St. Paul 68.9% $1,052 $3,857 27.3% $89,200 2,181 2,080 4.9% 59.9
16 Gering 74.2% $1,188 $4,238 28.0% $107,400 8,431 8,271 1.9% 58.6
17 Fairbury 70.0% $803 $3,143 25.5% $60,300 3,949 4,016 (1.7%) 57.9
18 David City 68.9% $1,022 $3,768 27.1% $86,800 2,876 2,817 2.1% 56.5
19 Schuyler 66.1% $931 $3,589 25.9% $88,700 6,141 5,931 3.5% 55.9
20 Dakota City 77.8% $1,138 $4,753 23.9% $95,300 2,021 2,170 (6.9%) 55.8
21 Aurora 69.1% $1,126 $4,820 23.4% $100,000 4,435 4,429 0.1% 55.2
22 Chalco 71.8% $1,361 $5,606 24.3% $136,500 10,916 10,732 1.7% 54.2
23 Holdrege 70.2% $977 $3,552 27.5% $92,100 5,492 5,499 (0.1%) 53.7
24 Columbus 68.1% $1,037 $4,010 25.9% $109,000 22,110 21,640 2.2% 53.3
25 Seward 71.1% $1,242 $5,054 24.6% $134,900 6,937 6,846 1.3% 52.8
26 Ogallala 69.9% $972 $3,408 28.5% $85,700 4,685 4,748 (1.3%) 51.8
27 Central City 66.1% $924 $3,429 26.9% $82,300 2,911 2,900 0.4% 51.6
28 Papillion 70.3% $1,485 $6,166 24.1% $167,000 19,618 18,829 4.2% 51.4
29 Auburn 67.3% $984 $3,527 27.9% $87,000 3,455 3,450 0.1% 51.1
30 McCook 66.5% $968 $3,616 26.8% $80,600 7,681 7,729 (0.6%) 51.0
31 Plattsmouth 69.2% $1,165 $4,508 25.8% $103,500 6,518 6,599 (1.2%) 50.7
32 Hastings 66.4% $1,023 $3,687 27.7% $91,500 24,960 24,717 1.0% 50.7
33 Valentine 70.2% $1,120 $3,755 29.8% $95,800 2,747 2,765 (0.7%) 50.4
34 Wahoo 71.8% $1,327 $4,339 30.6% $133,900 4,467 4,418 1.1% 48.3
35 Blair 70.4% $1,315 $4,746 27.7% $144,800 7,979 7,980 (0.0%) 45.9
36 Bellevue 66.5% $1,335 $4,846 27.6% $136,800 51,293 50,241 2.1% 45.6
37 North Platte 66.0% $1,106 $3,598 30.7% $99,400 24,695 24,722 (0.1%) 44.9
38 Wayne 64.3% $1,009 $3,336 30.2% $99,000 5,630 5,585 0.8% 44.6
39 Grand Island 62.4% $1,140 $3,733 30.5% $109,200 48,548 46,975 3.3% 44.1
40 Lexington 59.4% $989 $3,557 27.8% $81,800 10,191 10,111 0.8% 43.5
41 York 63.5% $1,015 $3,573 28.4% $96,700 7,807 7,869 (0.8%) 43.4
42 Kimball 62.9% $877 $3,479 25.2% $71,000 2,459 2,597 (5.3%) 43.0
43 Sidney 61.3% $1,126 $3,933 28.6% $101,400 6,768 6,748 0.3% 41.4
44 Nebraska City 63.1% $1,123 $3,540 31.7% $97,200 7,287 7,300 (0.2%) 40.8
45 Alliance 58.0% $967 $3,593 26.9% $89,100 8,516 8,524 (0.1%) 40.3
46 Milford 62.3% $1,193 $3,498 34.1% $125,500 2,335 2,241 4.2% 39.6
47 Fremont 62.0% $1,142 $3,839 29.7% $114,400 26,282 26,223 0.2% 39.1
48 Beatrice 62.8% $1,081 $3,244 33.3% $96,800 12,386 12,584 (1.6%) 37.2
49 La Vista 54.4% $1,433 $4,957 28.9% $145,500 16,185 15,044 7.6% 36.5
50 South Sioux City 53.4% $1,037 $3,315 31.3% $94,500 13,257 12,977 2.2% 33.4
51 Kearney 58.9% $1,271 $3,968 32.0% $137,000 30,932 30,214 2.4% 33.1
52 Norfolk 59.0% $1,131 $3,320 34.1% $110,500 24,079 23,961 0.5% 32.8
53 Lincoln 58.4% $1,325 $4,125 32.1% $142,200 259,218 253,035 2.4% 31.7
54 Ashland 67.0% $1,263 $3,994 31.6% $116,100 2,268 2,469 (8.1%) 31.4
55 Crete 53.3% $1,124 $3,311 34.0% $99,500 6,989 6,801 2.8% 31.1
56 Omaha 58.8% $1,325 $3,915 33.8% $132,900 412,689 407,334 1.3% 30.5
57 Scottsbluff 54.8% $1,067 $2,926 36.5% $91,800 14,971 14,841 0.9% 29.2
58 Chadron 53.2% $1,009 $2,548 39.6% $94,200 5,846 5,812 0.6% 23.8

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Methodology

The overall score for each city was derived from these measures:

1. Homeownership rate made up 33.3% of the total score. A higher rate earned a higher score. The rate comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

2. Selected monthly owner costs as a percentage of median household income made up 16.7% of the total score. A lower percentage earned a higher score. Monthly homeowner costs as a percentage of median household income made up one-half of the affordability score. Median household income comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 03. Monthly homeowner costs come from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

3. Median home value made up 16.7% of the total score. A lower value earned a higher score. Median home value made up one-half of the affordability score. Median home value comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

4. Population change from 2010 to 2012 made up 33.3% of the total score. A higher percent change earned a higher score. The 2010 population comes from the 2010 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. The 2012 population data comes from the 2012 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. NerdWallet calculated the percent change.

All 58 places with a population more than 2,000 were included in this analysis. Offutt Air Force Base was not included as data was not available for all variables.

Image: Señor Codo/Flickr: https://flic.kr/p/4bSNWg