Total monthly cost of ownership
Cost to Own a Home in Stromsburg, Nebraska
A $159,000 home here costs
$1,365per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $548 higher every month — 67% 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.
Stromsburg against Polk County and Nebraska
| Measure | Stromsburg | Polk County |
|---|---|---|
| Median home value | $159,100 | $177,800 |
| Median property tax | $1,504 | $1,748 |
| Effective tax rate | 0.945% | 0.983% |
| Median gross rent | $831 | $692 |
| Population | 1,007 | 5,209 |
The weather behind that power bill
Stromsburg sits in Polk County, which averages a high of 86.0°F in its hottest month and a low of 13.1°F in its coldest, with 28.79" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 993 cooling and 6,259 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Polk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Polk County
No other places of this size are published in Polk County.
Common questions
How much does it cost to own a home in Stromsburg?
A $159,000 home in Stromsburg, Nebraska costs approximately $1,365 per month with 20% down at 6.66%. That is $817 principal and interest, $125 property tax, $100 homeowners insurance, $190 utilities and $133 set aside for maintenance.
What is the property tax rate in Stromsburg?
Stromsburg has an effective property tax rate of 0.945%, based on a median home value of $159,100 and median real estate taxes of $1,504. That is lower than the Polk County average of 0.983%.
What is the average home price in Stromsburg?
The median owner-occupied home value in Stromsburg, Nebraska is $159,100, against $177,800 across Polk County.
Is it cheaper to rent or buy in Stromsburg?
Median gross rent in Stromsburg is $831 a month, against $1,365 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 Stromsburg — 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.