Total monthly cost of ownership
Cost to Own a Home in Valley, Nebraska
A $515,000 home here costs
$4,204per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,648. The real number is $1,556 higher every month — 59% 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.
Valley against Douglas County and Nebraska
| Measure | Valley | Douglas County |
|---|---|---|
| Median home value | $515,100 | $245,800 |
| Median property tax | $7,354 | $4,295 |
| Effective tax rate | 1.428% | 1.747% |
| Median gross rent | $1,053 | $1,162 |
| Population | 3,113 | 585,461 |
The weather behind that power bill
Valley sits in Douglas County, which averages a high of 85.9°F in its hottest month and a low of 14.0°F in its coldest, with 33.17" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,044 cooling and 6,209 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Douglas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Full Douglas County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Valley?
A $515,000 home in Valley, Nebraska costs approximately $4,204 per month with 20% down at 6.66%. That is $2,648 principal and interest, $613 property tax, $324 homeowners insurance, $190 utilities and $429 set aside for maintenance.
What is the property tax rate in Valley?
Valley has an effective property tax rate of 1.428%, based on a median home value of $515,100 and median real estate taxes of $7,354. That is lower than the Douglas County average of 1.747%.
What is the average home price in Valley?
The median owner-occupied home value in Valley, Nebraska is $515,100, against $245,800 across Douglas County.
Is it cheaper to rent or buy in Valley?
Median gross rent in Valley is $1,053 a month, against $4,204 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 Valley — 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.