Nebraska is the sixteenth largest state by area, with a population of 1,929,268 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Nebraska. U.S. government acquired eastern Nebraska through the Louisiana Purchase in 1803 and western Nebraska in a treaty after the Mexican War of 1848. In 1867, Nebraska was granted statehood by President Andrew Johnson. With the Homestead Act of 1862 and the Kincaid Act of 1904, Nebraska's population grew exponentially as settlers were permitted to claim acres of land for free from the U.S. government. Nebraska's early economy relied heavily on farming and cattle ranching, which continues to be the main economic driver today.
Today, Nebraska's economy has a GDP of $124 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: agriculture manufacturing, finance and insurance, health care, and social assistance, military and defense contractors, and transportation. Many of the leading companies have their headquarters in Nebraska, including Berkshire Hathaway, ConAgra Foods, and Union Pacific, to name a few.
The most recognized cities in Nebraska are Omaha, Lincoln, and Grand Island.
Omaha can be found in eastern Nebraska and has a population of 463,081. Omaha is home to the Omaha's Henry Doorly Zoo and Aquarium, Lauritzen Gardens/Kenefick Park, and Bob Kerrey Pedestrian Bridge. Over the last ten years, Omaha's housing market has appreciated by 36.23%. When compared to the rest of the nation, Omaha's housing prices are significantly less, with the median home price of $146,500 and a median rent of $861.
Lincoln is the capital of Nebraska and has a population of 277,315. Lincoln is home to the Nebraska State Capitol, Sunken Gardens, and Pioneers Park Nature Center. Over the last ten years, Lincoln's housing market has appreciated by 38.85%. When compared to the rest of the country, Lincoln's housing prices are more affordable, with the median home price of $156,400 and a median rent of $788.
Grand Island is 94 miles west of Lincoln and has a population of 51,042. Grand Island is home to the Stuhr Museum-Prairie Pioneer, Island Oasis Water Park, and St. Mary's Cathedral. Over the last ten years, Grand Island's housing market has appreciated by 38.03%. When compared to the rest of the nation, Grand Island's housing prices are less expensive, with the median home price of $130,200 and a median rent of $707.
|Single Family Homes for sale in Nebraska|
|Average List Price||$294,279|
|Average Price Per Square Feet||$126|
|Condos for sale in Nebraska|
|Average List Price||$335,547|
|Average Price Per Square Feet||$234|
|Townhomes for sale in Nebraska|
|Average List Price||$267,958|
|Average Price Per Square Feet||$157|