Total monthly cost of ownership
Cost to Own a Home in West Point, Nebraska
A $209,000 home here costs
$1,787per 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 $76,500 a year.
A standard mortgage calculator would have told you $1,139. The real number is $648 higher every month, 57% more than the payment most buyers budget for.
Compare Cuming County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for West Point from a five-year rolling sample, and with about 3,479 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 Cuming 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.
West Point against Cuming County and Nebraska
| Measure | West Point | Cuming County |
|---|---|---|
| Median home value | $209,200 | $174,900 |
| Median property tax | $1,740 | $1,815 |
| Effective tax rate | 0.832% | 1.038% |
| Median gross rent | $748 | $800 |
| Population | 3,479 | 8,976 |
The weather behind that power bill
West Point sits in Cuming County, which averages a high of 85.0°F in its hottest month and a low of 10.7°F in its coldest, with 30.81" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 914 cooling and 6,775 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Cuming County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cuming County
Full Cuming County cost breakdown · Every county in Nebraska
Talk to someone who works this market
These are West Point 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 West Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in West Point I already own here and may sell
Common questions
How much does it cost to own a home in West Point?
A $209,000 home in West Point, Nebraska costs approximately $1,787 per month with 20% down at 7.24%. That is $1,139 principal and interest, $145 property tax, $131 homeowners insurance, $197 utilities and $174 set aside for maintenance.
What is the property tax rate in West Point?
West Point has an effective property tax rate of 0.832%, based on a median home value of $209,200 and median real estate taxes of $1,740. That is lower than the Cuming County average of 1.038%.
What is the average home price in West Point?
The median owner-occupied home value in West Point, Nebraska is $209,200, against $174,900 across Cuming County.
Is it cheaper to rent or buy in West Point?
Median gross rent in West Point is $748 a month, against $1,787 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 West Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Point, Nebraska at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,787 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Point, 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.