Total monthly cost of ownership
Cost to Own a Home in Cozad, Nebraska
A $119,000 home here costs
$1,177per 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 $50,500 a year.
A standard mortgage calculator would have told you $649. The real number is $529 higher every month, 81% more than the payment most buyers budget for.
Compare Dawson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cozad from a five-year rolling sample, and with about 3,944 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 Dawson 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.
Cozad against Dawson County and Nebraska
| Measure | Cozad | Dawson County |
|---|---|---|
| Median home value | $118,600 | $157,800 |
| Median property tax | $1,880 | $1,989 |
| Effective tax rate | 1.585% | 1.260% |
| Median gross rent | $820 | $861 |
| Population | 3,944 | 24,020 |
The weather behind that power bill
Cozad sits in Dawson County, which averages a high of 86.4°F in its hottest month and a low of 15.2°F in its coldest, with 23.39" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 942 cooling and 6,122 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Dawson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dawson County
Full Dawson County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Cozad 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 Cozad every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Cozad?
A $119,000 home in Cozad, Nebraska costs approximately $1,177 per month with 20% down at 7.24%. That is $649 principal and interest, $157 property tax, $75 homeowners insurance, $197 utilities and $99 set aside for maintenance.
What is the property tax rate in Cozad?
Cozad has an effective property tax rate of 1.585%, based on a median home value of $118,600 and median real estate taxes of $1,880. That is higher than the Dawson County average of 1.260%.
What is the average home price in Cozad?
The median owner-occupied home value in Cozad, Nebraska is $118,600, against $157,800 across Dawson County.
Is it cheaper to rent or buy in Cozad?
Median gross rent in Cozad is $820 a month, against $1,177 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 Cozad?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cozad, Nebraska at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,177 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cozad, 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.