30 Year Fixed
- 5.03 %
15 Year Fixed
- 4.41 %
1-Year ARM
- 3.77 %
5/1 ARM
- 4.04 %
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Guide to Nebraska Mortgages

Nebraska

Nebraska is located in the Great Plains/ Mid-West/ Western area of the United States and is the 16th largest state in the United States by area. Nebraska has included a number of Native American Tribes such as the Iowas, Omahas, Missourias, Poncas, Pawnees, Otoes and varied branches of Sioux.

The state’s total population is around 1,774,571 which make it the 38th most populated state in the nation with a median income of $44,623 ranking it at 43rd nationally. Its demographics are as follows; 93.06% White American; 4.82% African American; 1.31% American Indian; 1.85% Asian American; 0.11% Mixed. The economy for this state is based upon major industries such as agriculture, beef, pork, corn, soybeans, manufacturing, telecommunications, information technology and insurance to name a few.  Nebraska’s gross state product is estimated at $68 billion. The per capita personal income is estimated at $31,339 ranking it at 25th in the nation.

The largest city in Nebraska is Omaha with a population of 427,872, then Lincoln with 241,167 and Bellevue with 47,594 rounds out the top three. Micropolitan areas incorporating Grand Island (70,245), Hastings (39,749) and Kearney (50,655) represents what Nebraska calls the “Tri-Cities” area and the northeast corner of the state is called the Siouxland region.

Nebraska’s climate varies with the eastern portion being a humid continental climate and the western portion being a semi-arid continental steppe climate. This brings wide seasonal variations with average temperatures usually being uniform across the state. Unfortunately Nebraska sits in the center of what is called “Tornado Alley” where major thunderstorms are common during the spring and summer months.

 

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Nebraska Housing Statistics
NebraskaUSA
Total Housing722,668121,699,874
Total Urban494,19594,464,240
Total Rural228,47327,235,633
Occupied666,184110,754,106
Vacant56,48410,945,767
Owner Occupied449,31773,306,541
Renter Occupied216,86737,447,565
Vacant for Rent17,9362,745,385
Vacant for Sale8,2841,264,534
 
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