Total monthly cost of ownership
Cost to Own a Home in Louisville, Nebraska
A $205,000 home here costs
$1,789per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $735 higher every month — 70% 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.
Louisville against Cass County and Nebraska
| Measure | Louisville | Cass County |
|---|---|---|
| Median home value | $204,700 | $247,200 |
| Median property tax | $2,934 | $3,545 |
| Effective tax rate | 1.433% | 1.434% |
| Median gross rent | $1,146 | $987 |
| Population | 1,393 | 26,963 |
The weather behind that power bill
Louisville sits in Cass County, which averages a high of 85.9°F in its hottest month and a low of 13.7°F in its coldest, with 33.6" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,047 cooling and 6,037 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Cass County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Common questions
How much does it cost to own a home in Louisville?
A $205,000 home in Louisville, Nebraska costs approximately $1,789 per month with 20% down at 6.66%. That is $1,054 principal and interest, $245 property tax, $129 homeowners insurance, $190 utilities and $171 set aside for maintenance.
What is the property tax rate in Louisville?
Louisville has an effective property tax rate of 1.433%, based on a median home value of $204,700 and median real estate taxes of $2,934. That is in line with the Cass County average of 1.434%.
What is the average home price in Louisville?
The median owner-occupied home value in Louisville, Nebraska is $204,700, against $247,200 across Cass County.
Is it cheaper to rent or buy in Louisville?
Median gross rent in Louisville is $1,146 a month, against $1,789 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 Louisville — 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.