Quick facts: Linwood, NE

Quick Facts

94.7
Cost of Living
below US average
93
Population
107.53
Crime Rate per 1000
above US average
$26,625
Median Income
below US average
$180,000
Median House Price
above US average
$1313
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $26,625.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $180,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $26,625
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $26,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Linwood, NE

Linwood is a charming village located in Butler County, Nebraska, with a small population that fosters a tight-knit community atmosphere. Nestled between larger cities such as Omaha and Lincoln, Linwood offers the tranquility of rural living with easy access to urban amenities. The village is known for its picturesque landscapes and agricultural surroundings, making it an appealing spot for those who appreciate the outdoors and a slower pace of life. Education in Linwood is served by the Twin River Public Schools district, providing quality education for local residents. The village hosts community events that bring residents together, strengthening community bonds and fostering local pride. Outdoor enthusiasts can enjoy various recreational activities in the nearby areas, including fishing, hiking, and exploring Nebraska's natural beauty. Linwood's affordability and peaceful lifestyle make it an attractive option for families and individuals looking to escape the hustle and bustle of city life while remaining connected to larger urban centers. Overall, Linwood combines the essence of rural charm with convenient access to bigger cities.

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