Median Home PriceBETTER
$253,337.9
Median RentBETTER
$1,246.22/mo
Price-to-Rent RatioBETTER
16.9
Property Tax RateTIE
1.73%
Price Change (1Y)BETTER
+4.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$103,875
Median Home Price
$288,588.05
Median Rent
$1,265.02/mo
Price-to-Rent Ratio
19.0
Property Tax RateTIE
1.73%
Price Change (1Y)
+3.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$160,661
Key Differences
Home Prices
Grand Island's median home price of $253,337.9 is lower than Lincoln's $288,588.05 by 12%.
Monthly Rent
Renting in Grand Island costs $1,246.22/mo compared to $1,265.02/mo in Lincoln—a difference of $18.8/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.