Total monthly cost of ownership
Cost to Own a Home in Cambridge, Nebraska
A $105,000 home here costs
$1,014per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $474 higher every month — 88% 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.
Cambridge against Furnas County and Nebraska
| Measure | Cambridge | Furnas County |
|---|---|---|
| Median home value | $104,800 | $91,800 |
| Median property tax | $1,566 | $1,330 |
| Effective tax rate | 1.494% | 1.449% |
| Median gross rent | $731 | $805 |
| Population | 1,036 | 4,605 |
The weather behind that power bill
Cambridge sits in Furnas County, which averages a high of 92.3°F in its hottest month and a low of 12.1°F in its coldest, with 24.58" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,165 cooling and 5,934 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Furnas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Furnas County
Full Furnas County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Cambridge?
A $105,000 home in Cambridge, Nebraska costs approximately $1,014 per month with 20% down at 6.66%. That is $540 principal and interest, $131 property tax, $66 homeowners insurance, $190 utilities and $88 set aside for maintenance.
What is the property tax rate in Cambridge?
Cambridge has an effective property tax rate of 1.494%, based on a median home value of $104,800 and median real estate taxes of $1,566. That is higher than the Furnas County average of 1.449%.
What is the average home price in Cambridge?
The median owner-occupied home value in Cambridge, Nebraska is $104,800, against $91,800 across Furnas County.
Is it cheaper to rent or buy in Cambridge?
Median gross rent in Cambridge is $731 a month, against $1,014 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 Cambridge — 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.