Total monthly cost of ownership
Cost to Own a Home in Chadron, Nebraska
A $153,000 home here costs
$1,411per 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 $60,500 a year.
A standard mortgage calculator would have told you $834. The real number is $577 higher every month, 69% more than the payment most buyers budget for.
Compare Dawes County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chadron against Dawes County and Nebraska
| Measure | Chadron | Dawes County |
|---|---|---|
| Median home value | $153,300 | $146,500 |
| Median property tax | $1,873 | $1,970 |
| Effective tax rate | 1.222% | 1.345% |
| Median gross rent | $1,044 | $1,014 |
| Population | 5,207 | 8,212 |
The weather behind that power bill
Chadron sits in Dawes County, which averages a high of 91.0°F in its hottest month and a low of 12.7°F in its coldest, with 15.22" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 808 cooling and 6,848 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Dawes County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dawes County
No other places of this size are published in Dawes County.
Talk to someone who works this market
These are Chadron 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 Chadron every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Chadron I already own here and may sell
Common questions
How much does it cost to own a home in Chadron?
A $153,000 home in Chadron, Nebraska costs approximately $1,411 per month with 20% down at 7.24%. That is $834 principal and interest, $156 property tax, $96 homeowners insurance, $197 utilities and $128 set aside for maintenance.
What is the property tax rate in Chadron?
Chadron has an effective property tax rate of 1.222%, based on a median home value of $153,300 and median real estate taxes of $1,873. That is lower than the Dawes County average of 1.345%.
What is the average home price in Chadron?
The median owner-occupied home value in Chadron, Nebraska is $153,300, against $146,500 across Dawes County.
Is it cheaper to rent or buy in Chadron?
Median gross rent in Chadron is $1,044 a month, against $1,411 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 Chadron?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chadron, Nebraska at today's rate takes a household income of roughly $60,500 a year. That covers the full $1,411 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chadron, 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.