Total monthly cost of ownership
Cost to Own a Home in David City, Nebraska
A $159,000 home here costs
$1,407per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $589 higher every month — 72% 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.
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 $122 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
Common questions
How much does it cost to own a home in David City?
A $159,000 home in David City, Nebraska costs approximately $1,407 per month with 20% down at 6.66%. That is $817 principal and interest, $166 property tax, $100 homeowners insurance, $190 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 $1,407 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 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.