The housing market in Genoa, NE is an attractive option for potential homeowners and real estate investors alike. The median value of housing in Genoa is $171,300 which is significantly lower than the US median house value of $338,100. This makes it more affordable for first-time buyers or those on a budget to purchase a home in this area. In addition, the one-year appreciation rate for houses in Genoa is 10.45%, which is above the national average of 8.27%. This indicates that investing in property in Genoa could lead to a good return on investment over time. With its more affordable prices and higher appreciation rate, Genoa appears to be an ideal place to buy a home or consider as an investment opportunity.
The median home cost in Genoa is $171,300. Home appreciation the last 10 years has been 80.6%. Home Appreciation in Genoa is up 15.2%.
Average Age of Homes
- The median age of Genoa real estate is 71 years old
The Rental Market in Genoa
- Renters make up 17.6% of the Genoa population
- 1.5% of houses and apartments in Genoa, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.