Total monthly cost of ownership
Cost to Own a Home in Geneva, Nebraska
A $157,000 home here costs
$1,421per 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 $61,000 a year.
A standard mortgage calculator would have told you $856. The real number is $565 higher every month, 66% more than the payment most buyers budget for.
Compare Fillmore County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Geneva from a five-year rolling sample, and with about 2,214 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 Fillmore 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.
Geneva against Fillmore County and Nebraska
| Measure | Geneva | Fillmore County |
|---|---|---|
| Median home value | $156,900 | $131,200 |
| Median property tax | $1,657 | $1,481 |
| Effective tax rate | 1.056% | 1.129% |
| Median gross rent | $731 | $667 |
| Population | 2,214 | 5,551 |
The weather behind that power bill
Geneva sits in Fillmore County, which averages a high of 86.5°F in its hottest month and a low of 16.9°F in its coldest, with 28.18" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,127 cooling and 5,637 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Fillmore County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fillmore County
No other places of this size are published in Fillmore County.
Full Fillmore County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Geneva 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 Geneva every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Geneva I already own here and may sell
Common questions
How much does it cost to own a home in Geneva?
A $157,000 home in Geneva, Nebraska costs approximately $1,421 per month with 20% down at 7.24%. That is $856 principal and interest, $138 property tax, $99 homeowners insurance, $197 utilities and $131 set aside for maintenance.
What is the property tax rate in Geneva?
Geneva has an effective property tax rate of 1.056%, based on a median home value of $156,900 and median real estate taxes of $1,657. That is lower than the Fillmore County average of 1.129%.
What is the average home price in Geneva?
The median owner-occupied home value in Geneva, Nebraska is $156,900, against $131,200 across Fillmore County.
Is it cheaper to rent or buy in Geneva?
Median gross rent in Geneva is $731 a month, against $1,421 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 Geneva?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Geneva, Nebraska at today's rate takes a household income of roughly $61,000 a year. That covers the full $1,421 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Geneva, 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.