Total monthly cost of ownership
Cost to Own a Home in Valentine, Nebraska
A $136,000 home here costs
$1,196per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $699. The real number is $497 higher every month — 71% 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.
Valentine against Cherry County and Nebraska
| Measure | Valentine | Cherry County |
|---|---|---|
| Median home value | $135,600 | $136,000 |
| Median property tax | $1,295 | $1,373 |
| Effective tax rate | 0.955% | 1.010% |
| Median gross rent | $872 | $873 |
| Population | 2,632 | 5,468 |
The weather behind that power bill
Valentine sits in Cherry County, which averages a high of 90.4°F in its hottest month and a low of 11.2°F in its coldest, with 20.9" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 927 cooling and 6,691 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Cherry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cherry County
No other places of this size are published in Cherry County.
Full Cherry County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Valentine?
A $136,000 home in Valentine, Nebraska costs approximately $1,196 per month with 20% down at 6.66%. That is $699 principal and interest, $108 property tax, $86 homeowners insurance, $190 utilities and $113 set aside for maintenance.
What is the property tax rate in Valentine?
Valentine has an effective property tax rate of 0.955%, based on a median home value of $135,600 and median real estate taxes of $1,295. That is lower than the Cherry County average of 1.010%.
What is the average home price in Valentine?
The median owner-occupied home value in Valentine, Nebraska is $135,600, against $136,000 across Cherry County.
Is it cheaper to rent or buy in Valentine?
Median gross rent in Valentine is $872 a month, against $1,196 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 Valentine — 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.