Total monthly cost of ownership
Cost to Own a Home in West Point, Nebraska
A $209,000 home here costs
$1,715per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,074. The real number is $641 higher every month — 60% 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.
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 $122 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
Common questions
How much does it cost to own a home in West Point?
A $209,000 home in West Point, Nebraska costs approximately $1,715 per month with 20% down at 6.66%. That is $1,074 principal and interest, $145 property tax, $131 homeowners insurance, $190 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 $1,715 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 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.