Total monthly cost of ownership
Cost to Own a Home in Woodland Park, Nebraska
A $162,000 home here costs
$1,460per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $833. The real number is $627 higher every month — 75% 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.
Woodland Park against Stanton County and Nebraska
| Measure | Woodland Park | Stanton County |
|---|---|---|
| Median home value | $161,500 | $184,300 |
| Median property tax | $2,396 | $2,409 |
| Effective tax rate | 1.484% | 1.307% |
| Median gross rent | $850 | $817 |
| Population | 1,648 | 5,835 |
The weather behind that power bill
Woodland Park sits in Stanton County, which averages a high of 86.4°F in its hottest month and a low of 11.8°F in its coldest, with 27.01" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 907 cooling and 6,623 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Stanton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stanton County
Full Stanton County cost breakdown · Every county in Nebraska
Common questions
How much does it cost to own a home in Woodland Park?
A $162,000 home in Woodland Park, Nebraska costs approximately $1,460 per month with 20% down at 6.66%. That is $833 principal and interest, $200 property tax, $102 homeowners insurance, $190 utilities and $135 set aside for maintenance.
What is the property tax rate in Woodland Park?
Woodland Park has an effective property tax rate of 1.484%, based on a median home value of $161,500 and median real estate taxes of $2,396. That is higher than the Stanton County average of 1.307%.
What is the average home price in Woodland Park?
The median owner-occupied home value in Woodland Park, Nebraska is $161,500, against $184,300 across Stanton County.
Is it cheaper to rent or buy in Woodland Park?
Median gross rent in Woodland Park is $850 a month, against $1,460 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 Woodland Park — 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.