Total monthly cost of ownership
Cost to Own a Home in Oakland, Nebraska
A $151,000 home here costs
$1,361per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $585 higher every month — 75% 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.
Oakland against Burt County and Nebraska
| Measure | Oakland | Burt County |
|---|---|---|
| Median home value | $150,600 | $125,400 |
| Median property tax | $2,079 | $1,824 |
| Effective tax rate | 1.380% | 1.455% |
| Median gross rent | $663 | $688 |
| Population | 1,572 | 6,730 |
The weather behind that power bill
Oakland sits in Burt County, which averages a high of 86.7°F in its hottest month and a low of 12.3°F in its coldest, with 28.26" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,014 cooling and 6,408 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Burt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Burt County
Common questions
How much does it cost to own a home in Oakland?
A $151,000 home in Oakland, Nebraska costs approximately $1,361 per month with 20% down at 6.66%. That is $776 principal and interest, $174 property tax, $95 homeowners insurance, $190 utilities and $126 set aside for maintenance.
What is the property tax rate in Oakland?
Oakland has an effective property tax rate of 1.380%, based on a median home value of $150,600 and median real estate taxes of $2,079. That is lower than the Burt County average of 1.455%.
What is the average home price in Oakland?
The median owner-occupied home value in Oakland, Nebraska is $150,600, against $125,400 across Burt County.
Is it cheaper to rent or buy in Oakland?
Median gross rent in Oakland is $663 a month, against $1,361 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 Oakland — 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.