Total monthly cost of ownership
Cost to Own a Home in Grant, Nebraska
A $149,000 home here costs
$1,366per 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 $58,500 a year.
A standard mortgage calculator would have told you $812. The real number is $554 higher every month, 68% more than the payment most buyers budget for.
Compare Perkins County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Grant from a five-year rolling sample, and with about 1,392 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 Perkins 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.
Grant against Perkins County and Nebraska
| Measure | Grant | Perkins County |
|---|---|---|
| Median home value | $148,800 | $149,200 |
| Median property tax | $1,657 | $1,513 |
| Effective tax rate | 1.114% | 1.014% |
| Median gross rent | $946 | $783 |
| Population | 1,392 | 2,835 |
The weather behind that power bill
Grant sits in Perkins County, which averages a high of 89.3°F in its hottest month and a low of 13.5°F in its coldest, with 21.45" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 898 cooling and 6,398 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Perkins County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perkins County
No other places of this size are published in Perkins County.
Full Perkins County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Grant 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 Grant every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Grant?
A $149,000 home in Grant, Nebraska costs approximately $1,366 per month with 20% down at 7.24%. That is $812 principal and interest, $138 property tax, $94 homeowners insurance, $197 utilities and $124 set aside for maintenance.
What is the property tax rate in Grant?
Grant has an effective property tax rate of 1.114%, based on a median home value of $148,800 and median real estate taxes of $1,657. That is higher than the Perkins County average of 1.014%.
What is the average home price in Grant?
The median owner-occupied home value in Grant, Nebraska is $148,800, against $149,200 across Perkins County.
Is it cheaper to rent or buy in Grant?
Median gross rent in Grant is $946 a month, against $1,366 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 Grant?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Grant, Nebraska at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,366 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grant, 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.