Cute c.1900 Four Bedroom Nebraska Handyman Special $75K

506 N 10th St, Geneva, NE 68361    $75,000

• Contact Realtor: Kate A. Manes
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Pros of Living in Geneva, NE

1. Low Cost of Living

   • The cost of living index in Geneva is ~81, which is 19% below the national average.

   • Housing is especially cheap relative to many places: the housing cost index is 58 (AreaVibes)

   • Utilities and day-to-day goods are also relatively affordable.

2. Relatively High Median Income

   • Recent data (Data USA) shows a median household income of $79,750.

   • A higher income relative to the low cost of living can translate into a comfortable lifestyle for many.

3. Strong Homeownership

   • Homeownership rate is 77.1% per Data USA, which is quite high.

   • Property values are reasonable: Data USA lists the median property value at $156,900.

4. Low Crime Rates

   • According to AreaVibes, total crime in Geneva is 71% lower than the U.S. average.

   • Violent crime, in particular, is very low compared to national averages.

   • The cost of crime per resident is estimated to be $319/year (CrimeGrade) — relatively modest.

5. Good Employment Dynamics

   • Geneva’s employment situation is solid: AreaVibes highlights strong employment scores due to good income levels and low unemployment.

   • Data USA shows growth in employment: from 2022 to 2023, employment increased ~9.9%.

   • Major local industries include retail, health care/social assistance, and manufacturing.

6. Quality of Life

   • Geneva has a “sparse suburban” but still somewhat small-town feel: enough space, but not completely rural.

   • According to PlaceVista, there is good access to green space & parks, which is nice for outdoor life.

   • The city is the county seat of Fillmore County, giving it some civic importance.

7. Good Health Coverage

   • According to Data USA, only about 2.41% of residents are uninsured, which is relatively low.

   • There is health care access in or around the city.

Cons / Challenges of Living in Geneva, NE

1. Small Population & Limited Scale

   • Geneva is very small: population around ~2,200 per the city’s own data.

   • According to Citytistics, there’s virtually no recent population growth.

   • For people who want more variety in culture, entertainment, or social life, the small scale may feel limiting.

2. Limited Amenities / Public Transit

   • According to AreaVibes, many amenities are not walkable; you’ll likely need a car for most things.

   • Public transportation is minimal or non-existent, making commuting or access to services more car-dependent.

3. Demographic Homogeneity

   • The racial makeup is not very diverse: per Data USA, ~89.5% White (non-Hispanic).

   • If cultural or ethnic diversity is important to you, this may be a downside.

4. Aging Population

   • The median age is fairly high: AreaVibes says ~43.7 years; Citytistics says Geneva feels more “sparse suburban” with an older median age.

   • An older population could mean fewer young families and less long-term demographic growth.

5. Crime Cost / Risk Trade-Off

   • While crime rates are low, the CrimeGrade data suggests a non-zero cost per household (~$769) when considering total crime cost.

   • Some variability in safety exists by neighborhood per CrimeGrade.

6. Economic Risks / Limited Job Variety

   • The local economy is somewhat concentrated in retail, health care, and manufacturing — fewer “high-growth” or tech-type industries.

   • For high-earning professionals (especially in specialized fields), opportunities might be more limited compared to larger metro areas.

7. Property Tax / Infrastructure

   • As a small county-seat city, infrastructure may not be as modern or robust as in larger cities (roads, utilities, etc.).

   • According to older community facts, emergency services are limited (small local force, shared arrangements).

Trade-Offs & Key Considerations

• Affordability vs Opportunity: Geneva is very affordable, especially for housing. But if you’re chasing very high-growth careers or cutting-edge industries, you might have to compromise or commute.

• Small-Town Feel vs Amenities: You’ll likely get a strong sense of community and peace, but you’ll give up some of the amenities and convenience of a larger city.

• Safety Strength: Low crime is a major plus if you prioritize safety — but living in a very small place means that even “rare” crime can feel significant locally.

• Long-Term Investment: Because the population is small and growth is limited, real estate may not skyrocket in value — but it could be stable, especially for owner-occupants.

• Lifestyle Fit: Geneva seems well-suited for families, retirees, or people who want a quieter, lower-cost life. It’s less ideal if you’re looking for a vibrant, fast-paced city life.