Estimated Monthly Payment — Median Nebraska Home
$1,985
Based on $265,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$265,000
Property Tax
1.73%
Avg. HOA
$125/mo
Median Rent
$1,050/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the Nebraska housing market
Nebraska's housing market is well below the national average, with a median home price around $265,000. Omaha is the largest metro, with Lincoln a close second. Nebraska's affordable home prices are offset by above-average property tax rates, but a strong job market and low unemployment support steady demand. Nebraska's effective property tax rate of 1.73% is above the national average.
The median Nebraska home costs $265,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,368, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $1,985. First-time buyers in Nebraska can explore programs through Nebraska HFA.
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FAQ
Nebraska mortgage FAQs
What's the property tax rate in Nebraska?
Nebraska's effective property tax rate averages about 1.73% — above the national average. On a $265,000 home, that's roughly $382/month or $4,584/year.
How much do I need to earn to afford a typical Nebraska home?
Using the 28/36 rule, a buyer would need roughly $74,000–$95,000 in gross annual income to comfortably afford Nebraska's $265,000 median home with 20% down at current rates.
What first-time buyer programs are available in Nebraska?
NIFA offers the Homebuyer Assistance Program providing up to $10,000 in down payment and closing cost assistance for first-time buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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