Total monthly cost of ownership
Cost to Own a Home in Alliance, Nebraska
A $156,000 home here costs
$1,412per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $610 higher every month — 76% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alliance against Box Butte County and Nebraska
| Measure | Alliance | Box Butte County |
|---|---|---|
| Median home value | $156,300 | $161,100 |
| Median property tax | $2,303 | $2,397 |
| Effective tax rate | 1.473% | 1.488% |
| Median gross rent | $743 | $771 |
| Population | 8,089 | 10,754 |
The weather behind that power bill
Alliance sits in Box Butte County, which averages a high of 86.5°F in its hottest month and a low of 16.1°F in its coldest, with 18.01" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 658 cooling and 6,800 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Box Butte County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Box Butte County
No other places of this size are published in Box Butte County.
Full Box Butte County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Alliance?
A $156,000 home in Alliance, Nebraska costs approximately $1,412 per month with 20% down at 6.66%. That is $802 principal and interest, $191 property tax, $98 homeowners insurance, $190 utilities and $130 set aside for maintenance.
What is the property tax rate in Alliance?
Alliance has an effective property tax rate of 1.473%, based on a median home value of $156,300 and median real estate taxes of $2,303. That is lower than the Box Butte County average of 1.488%.
What is the average home price in Alliance?
The median owner-occupied home value in Alliance, Nebraska is $156,300, against $161,100 across Box Butte County.
Is it cheaper to rent or buy in Alliance?
Median gross rent in Alliance is $743 a month, against $1,412 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alliance — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Nebraska.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.