Total monthly cost of ownership
Cost to Own a Home in Ogallala, Nebraska
A $136,000 home here costs
$1,258per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $699. The real number is $559 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.
Ogallala against Keith County and Nebraska
| Measure | Ogallala | Keith County |
|---|---|---|
| Median home value | $135,500 | $157,000 |
| Median property tax | $2,027 | $2,204 |
| Effective tax rate | 1.496% | 1.404% |
| Median gross rent | $738 | $772 |
| Population | 4,800 | 8,239 |
The weather behind that power bill
Ogallala sits in Keith County, which averages a high of 87.0°F in its hottest month and a low of 17.7°F in its coldest, with 19.21" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 857 cooling and 6,273 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Keith County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Keith County
No other places of this size are published in Keith County.
Common questions
How much does it cost to own a home in Ogallala?
A $136,000 home in Ogallala, Nebraska costs approximately $1,258 per month with 20% down at 6.66%. That is $699 principal and interest, $170 property tax, $86 homeowners insurance, $190 utilities and $113 set aside for maintenance.
What is the property tax rate in Ogallala?
Ogallala has an effective property tax rate of 1.496%, based on a median home value of $135,500 and median real estate taxes of $2,027. That is higher than the Keith County average of 1.404%.
What is the average home price in Ogallala?
The median owner-occupied home value in Ogallala, Nebraska is $135,500, against $157,000 across Keith County.
Is it cheaper to rent or buy in Ogallala?
Median gross rent in Ogallala is $738 a month, against $1,258 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 Ogallala — 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.