Similar to other places in this area, it's substantially less expensive compared to the country as a whole. However it's somewhat less expensive compared to the city of Grand Island.
Home prices
The price of the median home in Loomis is $103,000. It is is very similar in comparison to the surrounding areas.It is about $114,500 (52%) lower compared to the rest of the nation, and in comparison to the city of Grand Island is approximately $37,800 (26%) lower.
Rents
Loomis's median rent is $600 per month. This is about $58 (8%) lower compared to the surrounding areas.Compared to the US as a whole it is about $462 (43%) lower, and in comparison to the city of Grand Island is approximately $167 (21%) lower.
Nearby places
Holdrege
Holdrege is roughly 6 miles southeast from Loomis. Housing prices there are a bit more expensive. The price of the median home in Holdrege is $127,200, which comes out to $24,200 (19%) higher than Loomis. The rent there is a little more expensive. Holdrege's median monthly rent is $653, which comes out to $53 (8%) higher than Loomis.
Bertrand
Bertrand is about 6 miles northwest of Loomis. Housing prices there are a bit more expensive. The median home in Bertrand costs $120,300, which is $17,300 (14%) higher than Loomis. Rent there is a bit more expensive. Bertrand's median monthly rent is $694, which is $94 (13%) higher than Loomis.
Funk
Funk is about 11 miles east from Loomis. The real estate prices there are a little less expensive. The median home in Funk is valued at $85,000, which is $18,000 (21%) lower than Loomis. Rent there is somewhat more expensive. The median rent in Funk is $691 per month, which comes out to $91 (13%) higher than Loomis.
Oxford
Oxford is roughly 16 miles south of Loomis. Its housing prices are substantially less expensive. The cost of the median home in Oxford is $58,300, which comes out to $44,700 (76%) lower than Loomis. Its rents are a bit more expensive. Oxford's median monthly rent is $808, which comes out to $208 (25%) higher than Loomis.
Axtell
Axtell is roughly 17 miles east from Loomis. Its real estate prices are somewhat more expensive. The median home in Axtell is valued at $128,700, which comes out to $25,700 (19%) higher than Loomis. Rents there are a lot less expensive. Axtell's median rent is $446 per month, which comes out to $154 (34%) lower than Loomis.
