Total monthly cost of ownership
Cost to Own a Home in Ord, Nebraska
A $110,000 home here costs
$1,093per 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 $47,000 a year.
A standard mortgage calculator would have told you $600. The real number is $493 higher every month, 82% more than the payment most buyers budget for.
Compare Valley County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ord from a five-year rolling sample, and with about 2,186 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 Valley 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.
Ord against Valley County and Nebraska
| Measure | Ord | Valley County |
|---|---|---|
| Median home value | $109,500 | $122,200 |
| Median property tax | $1,612 | $1,897 |
| Effective tax rate | 1.472% | 1.552% |
| Median gross rent | $638 | $616 |
| Population | 2,186 | 4,094 |
The weather behind that power bill
Ord sits in Valley County, which averages a high of 87.1°F in its hottest month and a low of 12.2°F in its coldest, with 23.82" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 840 cooling and 6,639 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Valley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Valley County
No other places of this size are published in Valley County.
Full Valley County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Ord 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 Ord every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Ord?
A $110,000 home in Ord, Nebraska costs approximately $1,093 per month with 20% down at 7.24%. That is $600 principal and interest, $135 property tax, $69 homeowners insurance, $197 utilities and $92 set aside for maintenance.
What is the property tax rate in Ord?
Ord has an effective property tax rate of 1.472%, based on a median home value of $109,500 and median real estate taxes of $1,612. That is lower than the Valley County average of 1.552%.
What is the average home price in Ord?
The median owner-occupied home value in Ord, Nebraska is $109,500, against $122,200 across Valley County.
Is it cheaper to rent or buy in Ord?
Median gross rent in Ord is $638 a month, against $1,093 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 Ord?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ord, Nebraska at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,093 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ord, 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.