Total monthly cost of ownership
Cost to Own a Home in Dakota City, Nebraska
A $170,000 home here costs
$1,591per 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 $68,000 a year.
A standard mortgage calculator would have told you $927. The real number is $664 higher every month, 72% more than the payment most buyers budget for.
Compare Dakota County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Dakota City from a five-year rolling sample, and with about 2,980 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 Dakota 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.
Dakota City against Dakota County and Nebraska
| Measure | Dakota City | Dakota County |
|---|---|---|
| Median home value | $170,200 | $168,100 |
| Median property tax | $2,622 | $2,680 |
| Effective tax rate | 1.541% | 1.594% |
| Median gross rent | $1,046 | $1,053 |
| Population | 2,980 | 21,331 |
The weather behind that power bill
Dakota City sits in Dakota County, which averages a high of 85.0°F in its hottest month and a low of 10.4°F in its coldest, with 29.27" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 866 cooling and 6,860 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Dakota County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dakota County
Full Dakota County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Dakota City 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 Dakota City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Dakota City I already own here and may sell
Common questions
How much does it cost to own a home in Dakota City?
A $170,000 home in Dakota City, Nebraska costs approximately $1,591 per month with 20% down at 7.24%. That is $927 principal and interest, $218 property tax, $107 homeowners insurance, $197 utilities and $142 set aside for maintenance.
What is the property tax rate in Dakota City?
Dakota City has an effective property tax rate of 1.541%, based on a median home value of $170,200 and median real estate taxes of $2,622. That is lower than the Dakota County average of 1.594%.
What is the average home price in Dakota City?
The median owner-occupied home value in Dakota City, Nebraska is $170,200, against $168,100 across Dakota County.
Is it cheaper to rent or buy in Dakota City?
Median gross rent in Dakota City is $1,046 a month, against $1,591 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 Dakota City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dakota City, Nebraska at today's rate takes a household income of roughly $68,000 a year. That covers the full $1,591 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dakota City, 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.