Total monthly cost of ownership
Cost to Own a Home in Sutton, Nebraska
A $151,000 home here costs
$1,367per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $591 higher every month — 76% 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.
Sutton against Clay County and Nebraska
| Measure | Sutton | Clay County |
|---|---|---|
| Median home value | $151,300 | $146,300 |
| Median property tax | $2,159 | $1,886 |
| Effective tax rate | 1.427% | 1.289% |
| Median gross rent | $863 | $701 |
| Population | 1,349 | 6,084 |
The weather behind that power bill
Sutton sits in Clay County, which averages a high of 87.2°F in its hottest month and a low of 16.1°F in its coldest, with 29.78" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 1,096 cooling and 5,934 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Common questions
How much does it cost to own a home in Sutton?
A $151,000 home in Sutton, Nebraska costs approximately $1,367 per month with 20% down at 6.66%. That is $776 principal and interest, $180 property tax, $95 homeowners insurance, $190 utilities and $126 set aside for maintenance.
What is the property tax rate in Sutton?
Sutton has an effective property tax rate of 1.427%, based on a median home value of $151,300 and median real estate taxes of $2,159. That is higher than the Clay County average of 1.289%.
What is the average home price in Sutton?
The median owner-occupied home value in Sutton, Nebraska is $151,300, against $146,300 across Clay County.
Is it cheaper to rent or buy in Sutton?
Median gross rent in Sutton is $863 a month, against $1,367 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 Sutton — 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.