Celebrating National Homeownership Month with DKEDC
Tuesday, June 15, 2021
The Dickinson County Economic Development Corporation (DKEDC) celebrates National Homeownership Month during June by raising awareness in all aspects involving owning a home. The real estate market is thriving, and this is an excellent time to make homeownership a reality for individuals who dream of owning their own home in Dickinson County. Homeownership brings many benefits to families, neighborhoods, and communities alike. Learn more about why homeownership matters and how you can become a homeowner too.
Why Homeownership Matters
Owning a home is a cornerstone of the “American Dream”. With homeownership, comes a sense of pride, financial stability, and equity. Many homeowners benefit from tax deductions and affordable monthly mortgage payments that are lower than the average rent. Buying a home is considered one of the best and most reliable long-term investments because residential real estate tends to rise in value over the long haul. In addition to the personal benefits, homeownership plays an important role in sustaining prosperous and stable communities.
Homeownership grows the community tax base, reducing the individual’s tax burden. Research shows that higher homeownership percentages directly correlate with lower crime rates. Homeowners tend to volunteer more, buy more goods and services from local business owners, support local educational systems, and benefit the economy more overall. Homeowners are even more likely to be involved in local civic engagements and elections. An additional benefit of homeownership for the community is that one new job is supported from every two home sales, according to NAR calculations.
Dickinson County is a Great Place to Own a Home
Dickinson County offers excellent opportunities to own a home and those currently available can be found here. Real estate in the area is only about 50% of the national average, which means families in Dickinson County are paying half of what they would elsewhere for a comparable home. Such savings makes it possible for millennials to purchase a home after graduating from college, for young families to own a home and have money to spare, and for retirees to use their social security checks on entertainment and life, rather than on an expensive mortgage or rental. For example, in Abilene, the average home price is only $107,000, while it’s even lower at $58.500 in Herington.
Still, paying less does not mean sacrificing quality or beauty. In Dickinson County, buyers can find lovingly restored historic homes, tasteful ranchers, new construction, craftsman-style bungalows, and cottages – something for every taste and budget. In addition, buyers can choose between living in a charming community near shops and restaurants or having acreage just outside of town. Building on the excellent real estate prices and family-friendly neighborhoods, DKEDC can help you make the most informed choice on how, where and when to buy.
Owning a home is widely regarded as one of the best ways to build wealth. Home prices continue to rise, resulting in a higher resale value. Mortgage rates are low and steady, presenting a unique opportunity for homebuyers to purchase with a lower monthly payment. Homeownership has many benefits, but it has to be sustainable for the buyer. DKEDC can simplify the process and assist you on your journey to making this dream a reality.
National Homeownership Month is the perfect time to explore purchasing a home. DKEDC is in the business of helping families become part of the community. Visit our website or call 785-200-3518 to learn how we can help.