Total monthly cost of ownership
Cost to Own a Home in Bayard, Nebraska
A $108,000 home here costs
$1,012per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $457 higher every month — 82% 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.
Bayard against Morrill County and Nebraska
| Measure | Bayard | Morrill County |
|---|---|---|
| Median home value | $107,900 | $112,000 |
| Median property tax | $1,300 | $1,453 |
| Effective tax rate | 1.205% | 1.297% |
| Median gross rent | $553 | $744 |
| Population | 1,509 | 4,544 |
The weather behind that power bill
Bayard sits in Morrill County, which averages a high of 91.5°F in its hottest month and a low of 15.7°F in its coldest, with 18.63" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 895 cooling and 6,106 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Morrill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morrill County
Full Morrill County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Bayard?
A $108,000 home in Bayard, Nebraska costs approximately $1,012 per month with 20% down at 6.66%. That is $555 principal and interest, $108 property tax, $68 homeowners insurance, $190 utilities and $90 set aside for maintenance.
What is the property tax rate in Bayard?
Bayard has an effective property tax rate of 1.205%, based on a median home value of $107,900 and median real estate taxes of $1,300. That is lower than the Morrill County average of 1.297%.
What is the average home price in Bayard?
The median owner-occupied home value in Bayard, Nebraska is $107,900, against $112,000 across Morrill County.
Is it cheaper to rent or buy in Bayard?
Median gross rent in Bayard is $553 a month, against $1,012 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 Bayard — 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.