Total monthly cost of ownership
Cost to Own a Home in Nebraska City, Nebraska
A $148,000 home here costs
$1,366per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $761. The real number is $605 higher every month — 80% 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.
Nebraska City against Otoe County and Nebraska
| Measure | Nebraska City | Otoe County |
|---|---|---|
| Median home value | $147,800 | $185,000 |
| Median property tax | $2,378 | $2,658 |
| Effective tax rate | 1.609% | 1.437% |
| Median gross rent | $910 | $905 |
| Population | 7,287 | 16,075 |
The weather behind that power bill
Nebraska City sits in Otoe County, which averages a high of 88.2°F in its hottest month and a low of 12.6°F in its coldest, with 32.21" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,122 cooling and 6,116 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Otoe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otoe County
Common questions
How much does it cost to own a home in Nebraska City?
A $148,000 home in Nebraska City, Nebraska costs approximately $1,366 per month with 20% down at 6.66%. That is $761 principal and interest, $198 property tax, $93 homeowners insurance, $190 utilities and $123 set aside for maintenance.
What is the property tax rate in Nebraska City?
Nebraska City has an effective property tax rate of 1.609%, based on a median home value of $147,800 and median real estate taxes of $2,378. That is higher than the Otoe County average of 1.437%.
What is the average home price in Nebraska City?
The median owner-occupied home value in Nebraska City, Nebraska is $147,800, against $185,000 across Otoe County.
Is it cheaper to rent or buy in Nebraska City?
Median gross rent in Nebraska City is $910 a month, against $1,366 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 Nebraska City — 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.