Total monthly cost of ownership
Cost to Own a Home in Syracuse, Nebraska
A $190,000 home here costs
$1,696per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,036. The real number is $660 higher every month, 64% more than the payment most buyers budget for.
Compare Otoe County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Syracuse from a five-year rolling sample, and with about 1,964 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 Otoe 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.
Syracuse against Otoe County and Nebraska
| Measure | Syracuse | Otoe County |
|---|---|---|
| Median home value | $190,000 | $185,000 |
| Median property tax | $2,220 | $2,658 |
| Effective tax rate | 1.168% | 1.437% |
| Median gross rent | $644 | $905 |
| Population | 1,964 | 16,075 |
The weather behind that power bill
Syracuse sits in Otoe County, which averages a high of 88.2°F in its hottest month and a low of 12.6°F in its coldest, with 32.21" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,122 cooling and 6,116 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Otoe County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otoe County
Talk to someone who works this market
These are Syracuse 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 Syracuse every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Syracuse?
A $190,000 home in Syracuse, Nebraska costs approximately $1,696 per month with 20% down at 7.24%. That is $1,036 principal and interest, $185 property tax, $120 homeowners insurance, $197 utilities and $158 set aside for maintenance.
What is the property tax rate in Syracuse?
Syracuse has an effective property tax rate of 1.168%, based on a median home value of $190,000 and median real estate taxes of $2,220. That is lower than the Otoe County average of 1.437%.
What is the average home price in Syracuse?
The median owner-occupied home value in Syracuse, Nebraska is $190,000, against $185,000 across Otoe County.
Is it cheaper to rent or buy in Syracuse?
Median gross rent in Syracuse is $644 a month, against $1,696 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 Syracuse?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Syracuse, Nebraska at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,696 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Syracuse, 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.