Total monthly cost of ownership
Cost to Own a Home in David City, Nebraska
A $159,000 home here costs
$1,463per 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 $62,500 a year.
A standard mortgage calculator would have told you $867. The real number is $596 higher every month, 69% more than the payment most buyers budget for.
Compare Butler County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for David City from a five-year rolling sample, and with about 3,013 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 Butler 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.
David City against Butler County and Nebraska
| Measure | David City | Butler County |
|---|---|---|
| Median home value | $158,800 | $165,700 |
| Median property tax | $1,994 | $1,941 |
| Effective tax rate | 1.256% | 1.171% |
| Median gross rent | $725 | $753 |
| Population | 3,013 | 8,413 |
The weather behind that power bill
David City sits in Butler County, which averages a high of 85.9°F in its hottest month and a low of 11.7°F in its coldest, with 30.37" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 938 cooling and 6,641 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Butler County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
No other places of this size are published in Butler County.
Full Butler County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are David 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 David City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in David City I already own here and may sell
Common questions
How much does it cost to own a home in David City?
A $159,000 home in David City, Nebraska costs approximately $1,463 per month with 20% down at 7.24%. That is $867 principal and interest, $166 property tax, $100 homeowners insurance, $197 utilities and $133 set aside for maintenance.
What is the property tax rate in David City?
David City has an effective property tax rate of 1.256%, based on a median home value of $158,800 and median real estate taxes of $1,994. That is higher than the Butler County average of 1.171%.
What is the average home price in David City?
The median owner-occupied home value in David City, Nebraska is $158,800, against $165,700 across Butler County.
Is it cheaper to rent or buy in David City?
Median gross rent in David City is $725 a month, against $1,463 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 David City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in David City, Nebraska at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,463 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for David 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.