Lincoln is the best place in the country for renters, report says
Lincoln was ranked the best city for renters by Forbes Advisor. According to Forbes Advisor, Lincoln, Nebraska, is the No. 1 city in the U.S. for renters, according to a survey that compared the 95 largest cities in the country on 21 metrics such as median rental prices, rent-to-income ratios, availability of units and amenities. The survey also included the city's median rent price of $1,225, which ranked fifth lowest among the 95 cities. This ranking is not the first time Lincoln has ranked highly on a list of top rental rental places, ranking consistently in the top 20 on annual lists from personal finance website Wallethub.
Published : 11 months ago by lincoln journal star, Lincoln Journal Star in
According to Forbes Advisor, Lincoln is the No. 1 city in the U.S. for renters.
The survey analyzed the 95 biggest cities in the country on 21 metrics such as median rental prices, rent-to-income ratios, availability of units and amenities to come up with the best and worst cities.
Lincoln was ranked in the top 10 for median monthly rent price, percentage of income going to rent, number of available rentals per 100,000 households, average monthly price per square foot and unemployment rate.
The city's median rent price of $1,225 ranked fifth lowest and considerably lower than the average of $1,995 among the 95 cities.
Jason Metz, the Forbes Advisor renters insurance lead editor, said Lincoln also ranked well in the violent crime metric.
"Lincoln exemplifies an affordable and safe community for price-conscious renters while having plenty of available rentals to choose from,” he said in a news release.
This is not the first time Lincoln has ranked highly on a list of top places to rent. It has routinely ranked in the top 20 best places to rent on annual lists from personal finance website Wallethub.
It has also gotten top rankings over the past few years as a good place to buy a home, start a business and raise a family.
“Lincoln’s top ranking as the best city for renters reinforces our community’s status as the quality-of-life capital of the country," Mayor Leirion Gaylor Baird said in a statement. "We are proud to offer a welcoming environment where everyone can thrive, thanks to affordable rent prices, a strong job market, and safe neighborhoods,” said Mayor Gaylor Baird."
Lincoln just edged out its larger neighbor to the north, as Omaha ranked No. 2 on the list.