Total monthly cost of ownership
Cost to Own a Home in Minden, Nebraska
A $188,000 home here costs
$1,699per 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 $73,000 a year.
A standard mortgage calculator would have told you $1,025. The real number is $674 higher every month, 66% more than the payment most buyers budget for.
Compare Kearney County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Minden from a five-year rolling sample, and with about 3,020 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 Kearney 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.
Minden against Kearney County and Nebraska
| Measure | Minden | Kearney County |
|---|---|---|
| Median home value | $188,100 | $218,300 |
| Median property tax | $2,425 | $2,675 |
| Effective tax rate | 1.289% | 1.225% |
| Median gross rent | $769 | $787 |
| Population | 3,020 | 6,697 |
The weather behind that power bill
Minden sits in Kearney County, which averages a high of 86.7°F in its hottest month and a low of 14.5°F in its coldest, with 25.66" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 994 cooling and 6,241 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Kearney County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kearney County
No other places of this size are published in Kearney County.
Full Kearney County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Minden 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 Minden every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Minden I already own here and may sell
Common questions
How much does it cost to own a home in Minden?
A $188,000 home in Minden, Nebraska costs approximately $1,699 per month with 20% down at 7.24%. That is $1,025 principal and interest, $202 property tax, $118 homeowners insurance, $197 utilities and $157 set aside for maintenance.
What is the property tax rate in Minden?
Minden has an effective property tax rate of 1.289%, based on a median home value of $188,100 and median real estate taxes of $2,425. That is higher than the Kearney County average of 1.225%.
What is the average home price in Minden?
The median owner-occupied home value in Minden, Nebraska is $188,100, against $218,300 across Kearney County.
Is it cheaper to rent or buy in Minden?
Median gross rent in Minden is $769 a month, against $1,699 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 Minden?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Minden, Nebraska at today's rate takes a household income of roughly $73,000 a year. That covers the full $1,699 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Minden, 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.