Total monthly cost of ownership
Cost to Own a Home in Holdrege, Nebraska
A $167,000 home here costs
$1,482per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $623 higher every month — 73% 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.
Holdrege against Phelps County and Nebraska
| Measure | Holdrege | Phelps County |
|---|---|---|
| Median home value | $166,600 | $173,300 |
| Median property tax | $2,259 | $2,386 |
| Effective tax rate | 1.356% | 1.377% |
| Median gross rent | $740 | $724 |
| Population | 5,503 | 8,983 |
The weather behind that power bill
Holdrege sits in Phelps County, which averages a high of 87.3°F in its hottest month and a low of 13.2°F in its coldest, with 27.59" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 898 cooling and 6,355 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Phelps County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Phelps County
No other places of this size are published in Phelps County.
Full Phelps County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Holdrege?
A $167,000 home in Holdrege, Nebraska costs approximately $1,482 per month with 20% down at 6.66%. That is $859 principal and interest, $189 property tax, $105 homeowners insurance, $190 utilities and $139 set aside for maintenance.
What is the property tax rate in Holdrege?
Holdrege has an effective property tax rate of 1.356%, based on a median home value of $166,600 and median real estate taxes of $2,259. That is lower than the Phelps County average of 1.377%.
What is the average home price in Holdrege?
The median owner-occupied home value in Holdrege, Nebraska is $166,600, against $173,300 across Phelps County.
Is it cheaper to rent or buy in Holdrege?
Median gross rent in Holdrege is $740 a month, against $1,482 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 Holdrege — 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.