Total monthly cost of ownership
Cost to Own a Home in Bridgeport, Nebraska
A $101,000 home here costs
$1,015per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $43,500 a year.
A standard mortgage calculator would have told you $551. The real number is $464 higher every month, 84% more than the payment most buyers budget for.
Compare Morrill County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bridgeport from a five-year rolling sample, and with about 1,403 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Morrill County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bridgeport against Morrill County and Nebraska
| Measure | Bridgeport | Morrill County |
|---|---|---|
| Median home value | $100,600 | $112,000 |
| Median property tax | $1,423 | $1,453 |
| Effective tax rate | 1.415% | 1.297% |
| Median gross rent | $736 | $744 |
| Population | 1,403 | 4,544 |
The weather behind that power bill
Bridgeport 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 $129 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
Talk to someone who works this market
These are Bridgeport averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bridgeport every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bridgeport I already own here and may sell
Common questions
How much does it cost to own a home in Bridgeport?
A $101,000 home in Bridgeport, Nebraska costs approximately $1,015 per month with 20% down at 7.24%. That is $551 principal and interest, $119 property tax, $64 homeowners insurance, $197 utilities and $84 set aside for maintenance.
What is the property tax rate in Bridgeport?
Bridgeport has an effective property tax rate of 1.415%, based on a median home value of $100,600 and median real estate taxes of $1,423. That is higher than the Morrill County average of 1.297%.
What is the average home price in Bridgeport?
The median owner-occupied home value in Bridgeport, Nebraska is $100,600, against $112,000 across Morrill County.
Is it cheaper to rent or buy in Bridgeport?
Median gross rent in Bridgeport is $736 a month, against $1,015 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bridgeport?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bridgeport, Nebraska at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,015 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bridgeport, 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.