Total monthly cost of ownership
Cost to Own a Home in Burwell, Nebraska
A $125,000 home here costs
$1,167per 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 $524 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.
Burwell against Garfield County and Nebraska
| Measure | Burwell | Garfield County |
|---|---|---|
| Median home value | $125,000 | $144,900 |
| Median property tax | $1,817 | $2,085 |
| Effective tax rate | 1.454% | 1.439% |
| Median gross rent | $492 | $519 |
| Population | 1,020 | 1,797 |
The weather behind that power bill
Burwell sits in Garfield County, which averages a high of 85.7°F in its hottest month and a low of 11.0°F in its coldest, with 26.55" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 732 cooling and 6,952 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Garfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Garfield County
No other places of this size are published in Garfield County.
Full Garfield County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Burwell?
A $125,000 home in Burwell, Nebraska costs approximately $1,167 per month with 20% down at 6.66%. That is $643 principal and interest, $151 property tax, $79 homeowners insurance, $190 utilities and $104 set aside for maintenance.
What is the property tax rate in Burwell?
Burwell has an effective property tax rate of 1.454%, based on a median home value of $125,000 and median real estate taxes of $1,817. That is higher than the Garfield County average of 1.439%.
What is the average home price in Burwell?
The median owner-occupied home value in Burwell, Nebraska is $125,000, against $144,900 across Garfield County.
Is it cheaper to rent or buy in Burwell?
Median gross rent in Burwell is $492 a month, against $1,167 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 Burwell — 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.