Matt Garner Pinnacle Realty Group
States: Nebraska
Counties: Douglas, Lancaster, Dodge, Hall, Platte, York, Scottsbluff, Lincoln, Buffalo, Keith, Box Butte, Dawes
Cities and Towns: Lincoln, Omaha, Fremont, Columbus, York, Grand Island, Kearney, North Platte, Ogallala, Alliance, Gering, Chadron
Licensed Since: 2013 | NE License # 20130164
About Matt Garner
Matt was born and raised in Hyannis, Nebraska; a small town in the Sandhills of western Nebraska. Matt moved to Lincoln in 2003 where he met his wife Mandy. Together, they have two sons Miles and Major. Mandy owns and operates an interior painting company, Mandy’s Painting. Real Estate is Matt's career but has also been a hobby for his entire adult life. Matt and Mandy love working on remodel jobs and have flipped several homes in their 12 years of marriage. Matt has experience in all areas of real estate investing including; multifamily, single-family, flipping, land, business development, and commercial real estate. He represents investors across the entire state with a primary focus on the Lincoln and Omaha markets.
Market Overview
There are many reasons that Lincoln real estate is so appealing to buy or invest in. The increased market demand may be the most appealing aspect for real estate investors. Over the last twelve months, Lincoln has added over 5,200 new jobs. This number is up from the previous month of 4,800 and greatly outpaces the national market average. The local unemployment rate currently sits at 2.3 percent, which is well below the national average of 5.5 percent. Both of these figures represent a decrease from this same time a year ago. Lincoln also shows great promise in terms of job growth. The area is growing at a 1.9 percent clip, as compared to a national average of 2.1 percent. In terms of unemployment and job growth, Lincoln is one of the strongest in the country. Few cities can boast better numbers. Lincoln real estate investing should benefit as a result. Whether you are looking to invest in upper-tier neighborhoods with good schools, multiple rental properties for students, or are bargain searching in neighborhoods on the verge of redevelopment, you will have plenty of opportunities in Lincoln.
Current Median Home Price: $150,200
1-Year Appreciation Rate: 11.4%
Unemployment Rate: 2.3%
1-Year Job Growth Rate: 1.9%
Population: 268,738
Median Household Income: $52,300
Investment Price Points
The Lincoln, Nebraska market can have anywhere between a 7-9% rate of return.
In our current market, 2-3 bedroom single family homes built between 1940-1960 are selling for 150K-190K. These home can be rented for $1200-$1600/month. 4-5 bedroom home are renting for
$350-$450/room. A new construction duplex sell for around $450,000 and rent for 3600-$3800/month.
Older multi-family properties can sell anywhere between $50,000-$75,000/door depending on rent and expenses.
Free Report: Demographic and Housing Data on the Lincoln Market
Would you like free demographic and housing data on the Lincoln market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Lincoln market is right for you! Click here to get your free report.
