Total monthly cost of ownership
Cost to Own a Home in Stromsburg, Nebraska
A $159,000 home here costs
$1,422per 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 $61,000 a year.
A standard mortgage calculator would have told you $867. The real number is $555 higher every month, 64% more than the payment most buyers budget for.
Compare Polk County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Stromsburg from a five-year rolling sample, and with about 1,007 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 Polk 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.
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 $129 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.
Talk to someone who works this market
These are Stromsburg 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 Stromsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stromsburg I already own here and may sell
Common questions
How much does it cost to own a home in Stromsburg?
A $159,000 home in Stromsburg, Nebraska costs approximately $1,422 per month with 20% down at 7.24%. That is $867 principal and interest, $125 property tax, $100 homeowners insurance, $197 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 $1,422 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 Stromsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stromsburg, Nebraska at today's rate takes a household income of roughly $61,000 a year. That covers the full $1,422 monthly cost, not just the mortgage payment.
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.