Total monthly cost of ownership
Cost to Own a Home in Broken Bow, Nebraska
A $125,000 home here costs
$1,186per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $544 higher every month — 85% 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.
Broken Bow against Custer County and Nebraska
| Measure | Broken Bow | Custer County |
|---|---|---|
| Median home value | $124,600 | $160,500 |
| Median property tax | $2,043 | $1,849 |
| Effective tax rate | 1.640% | 1.152% |
| Median gross rent | $826 | $794 |
| Population | 3,524 | 10,544 |
The weather behind that power bill
Broken Bow sits in Custer County, which averages a high of 87.4°F in its hottest month and a low of 14.9°F in its coldest, with 22.9" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 913 cooling and 6,277 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Custer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Custer County
No other places of this size are published in Custer County.
Full Custer County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Broken Bow?
A $125,000 home in Broken Bow, Nebraska costs approximately $1,186 per month with 20% down at 6.66%. That is $643 principal and interest, $171 property tax, $79 homeowners insurance, $190 utilities and $104 set aside for maintenance.
What is the property tax rate in Broken Bow?
Broken Bow has an effective property tax rate of 1.640%, based on a median home value of $124,600 and median real estate taxes of $2,043. That is higher than the Custer County average of 1.152%.
What is the average home price in Broken Bow?
The median owner-occupied home value in Broken Bow, Nebraska is $124,600, against $160,500 across Custer County.
Is it cheaper to rent or buy in Broken Bow?
Median gross rent in Broken Bow is $826 a month, against $1,186 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 Broken Bow — 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.