Total monthly cost of ownership
Cost to Own a Home in Papillion, Nebraska
A $291,000 home here costs
$2,673per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $114,500 a year.
A standard mortgage calculator would have told you $1,612. The real number is $1,061 higher every month, 66% more than the payment most buyers budget for.
Compare Sarpy County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Papillion against Sarpy County and Nebraska
| Measure | Papillion | Sarpy County |
|---|---|---|
| Median home value | $290,900 | $287,600 |
| Median property tax | $5,227 | $5,157 |
| Effective tax rate | 1.797% | 1.793% |
| Median gross rent | $1,210 | $1,284 |
| Population | 24,063 | 194,051 |
The weather behind that power bill
Papillion sits in Sarpy County, which averages a high of 85.9°F in its hottest month and a low of 14.0°F in its coldest, with 33.17" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,044 cooling and 6,209 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Sarpy County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sarpy County
Talk to someone who works this market
These are Papillion 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 Papillion every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Papillion I already own here and may sell
Common questions
How much does it cost to own a home in Papillion?
A $291,000 home in Papillion, Nebraska costs approximately $2,673 per month with 20% down at 7.4%. That is $1,612 principal and interest, $436 property tax, $183 homeowners insurance, $200 utilities and $243 set aside for maintenance.
What is the property tax rate in Papillion?
Papillion has an effective property tax rate of 1.797%, based on a median home value of $290,900 and median real estate taxes of $5,227. That is in line with the Sarpy County average of 1.793%.
What is the average home price in Papillion?
The median owner-occupied home value in Papillion, Nebraska is $290,900, against $287,600 across Sarpy County.
Is it cheaper to rent or buy in Papillion?
Median gross rent in Papillion is $1,210 a month, against $2,673 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 Papillion?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Papillion, Nebraska at today's rate takes a household income of roughly $114,500 a year. That covers the full $2,673 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Papillion, 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.