Total monthly cost of ownership
Cost to Own a Home in Gothenburg, Nebraska
A $173,000 home here costs
$1,573per 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 $67,500 a year.
A standard mortgage calculator would have told you $943. The real number is $629 higher every month, 67% 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 Gothenburg from a five-year rolling sample, and with about 3,436 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.
Gothenburg against Dawson County and Nebraska
| Measure | Gothenburg | Dawson County |
|---|---|---|
| Median home value | $173,200 | $157,800 |
| Median property tax | $2,150 | $1,989 |
| Effective tax rate | 1.241% | 1.260% |
| Median gross rent | $838 | $861 |
| Population | 3,436 | 24,020 |
The weather behind that power bill
Gothenburg 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 Gothenburg 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 Gothenburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gothenburg I already own here and may sell
Common questions
How much does it cost to own a home in Gothenburg?
A $173,000 home in Gothenburg, Nebraska costs approximately $1,573 per month with 20% down at 7.24%. That is $943 principal and interest, $179 property tax, $109 homeowners insurance, $197 utilities and $144 set aside for maintenance.
What is the property tax rate in Gothenburg?
Gothenburg has an effective property tax rate of 1.241%, based on a median home value of $173,200 and median real estate taxes of $2,150. That is lower than the Dawson County average of 1.260%.
What is the average home price in Gothenburg?
The median owner-occupied home value in Gothenburg, Nebraska is $173,200, against $157,800 across Dawson County.
Is it cheaper to rent or buy in Gothenburg?
Median gross rent in Gothenburg is $838 a month, against $1,573 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 Gothenburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gothenburg, Nebraska at today's rate takes a household income of roughly $67,500 a year. That covers the full $1,573 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gothenburg, 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.