Total monthly cost of ownership
Cost to Own a Home in Schuyler, Nebraska
A $130,000 home here costs
$1,229per 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 $52,500 a year.
A standard mortgage calculator would have told you $709. The real number is $520 higher every month, 73% more than the payment most buyers budget for.
Compare Colfax 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.
Schuyler against Colfax County and Nebraska
| Measure | Schuyler | Colfax County |
|---|---|---|
| Median home value | $129,600 | $128,800 |
| Median property tax | $1,584 | $1,612 |
| Effective tax rate | 1.222% | 1.252% |
| Median gross rent | $970 | $902 |
| Population | 6,517 | 10,541 |
The weather behind that power bill
Schuyler sits in Colfax County, which averages a high of 86.9°F in its hottest month and a low of 13.8°F in its coldest, with 28.67" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 1,088 cooling and 6,322 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Colfax County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Colfax County
No other places of this size are published in Colfax County.
Full Colfax County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are Schuyler 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 Schuyler every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Schuyler I already own here and may sell
Common questions
How much does it cost to own a home in Schuyler?
A $130,000 home in Schuyler, Nebraska costs approximately $1,229 per month with 20% down at 7.24%. That is $709 principal and interest, $132 property tax, $82 homeowners insurance, $197 utilities and $108 set aside for maintenance.
What is the property tax rate in Schuyler?
Schuyler has an effective property tax rate of 1.222%, based on a median home value of $129,600 and median real estate taxes of $1,584. That is lower than the Colfax County average of 1.252%.
What is the average home price in Schuyler?
The median owner-occupied home value in Schuyler, Nebraska is $129,600, against $128,800 across Colfax County.
Is it cheaper to rent or buy in Schuyler?
Median gross rent in Schuyler is $970 a month, against $1,229 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 Schuyler?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Schuyler, Nebraska at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,229 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Schuyler, 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.