As-is Deals in Broken Bow, NE

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Home Value Estimator For Broken Bow, NE

There are currently 1,650 real estate properties in Broken Bow, NE, with a median automated valuation model (AVM) price of $187,618.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Broken Bow, NE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Broken Bow, NE, is $222,815.00, with the most expensive house in Broken Bow, NE, topping out at $2,387,828.00 and the cheapest home in Broken Bow, NE, clocking in at $31,754.00. In other words, there’s something for every potential homebuyer or savvy investor in Broken Bow, NE!

Rent Prices In Broken Bow, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Broken Bow, NE, is on a rollercoaster ride. The average rent price in Broken Bow, NE, is $1,073.00. Indeed, when looking to rent in Broken Bow, NE, you can expect to pay as little as $510.00 or as much as $2,900.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Broken Bow, NE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Broken Bow, NE In 2024

Broken Bow is located in Custer, Nebraska, with an estimated municipal population of 3,497 residents. All of the best foreclosed homes for sale in Broken Bow are located in the following zip code areas on 68822. The estimated population per square kilometer (.62 miles) in Broken Bow is 691.

Cost Of Living In Broken Bow, NE

So, about how much do homes cost in Broken Bow? The most recent median value of resident-owned homes in Broken Bow is 106,360. An estimated 58.3 percent of households in Broken Bow own their homes, with an average family size of 2.76. The median household income in Broken Bow is 42,890, with15.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Broken Bow, the median commute time of resident workers (in minutes) is 10. And last, but certainly not least, are you looking for homes to rent in Broken Bow? If so, the average rent price paid by renters in Broken Bow is 638, according to recent statistics.

Diversity And Demographics In Broken Bow, Nebraska

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Broken Bow, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Broken Bow is 39.8, split between 46.3 percent male versus 53.7 female. The percentage of residents who report being married in Broken Bow is 44.6, with an average family size of 2.76.

The percentage of residents who report their race in Broken Bow is as follows:

White 95.2%
Black / African American 0.1%
Asian 2.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 0.5%

Looking for family-friendly neighborhoods in and/or near Broken Bow? Or maybe you are searching for 55+ active adult communities in and/or near Broken Bow?

The percentage of residents who report their age in Broken Bow is as follows:

Under 10 12%
Aged 10-19 15.4%
20s 11.4%
30s 11.4%
40s 12.7%
50s 12.1%
60s 10.3%
70s 5.3%
80+ 9.3%

Best Schools In Broken Bow, Nebraska

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Broken Bow with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Broken Bow.

Pros And Cons Of Living In Broken Bow, Nebraska

How do you know that living in -- or moving to -- Broken Bow is right where you need to be? Perhaps you grew up in Broken Bow or already live nearby; therefore, the decision to buy a home in Broken Bow is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Broken Bow for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Broken Bow:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Broken Bow.

Reasons To Move To Broken Bow, Nebraska, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Broken Bow can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Broken Bow, meanwhile, can field multiple offers from more qualified buyers.

Broken Bow, NE As-is Deals


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