2026 data · 1.57% property tax · Median home $210,100
Nebraska Mortgage Calculator
A median-priced home in Nebraska ($210,100) costs roughly $1,598 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Nebraska's effective property tax rate is 1.57% — well above the US average of about 1.0%.
Nebraska median-home monthly payment
$1,598/mo
P&I $1,118 · Tax $275 · Insurance $205
@ $210,100 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Nebraska
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $262 | $195 | $1,521 |
| $210,100 (state median) | $42,020 | $1,118 | $275 | $205 | $1,598 |
| $300,000 | $60,000 | $1,597 | $393 | $293 | $2,282 |
| $400,000 | $80,000 | $2,129 | $523 | $390 | $3,042 |
| $500,000 | $100,000 | $2,661 | $654 | $488 | $3,803 |
| $750,000 | $150,000 | $3,992 | $981 | $731 | $5,704 |
Calculations use Nebraska's 1.57% effective property tax rate, estimated homeowners insurance at 1.17%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Nebraska property tax
Effective rate
1.57%
Median home value
$210,100
Median property tax
$3,340/yr
Nebraska has above-average property tax rates and recent legislation aims to reduce the burden. Homestead exemption for 65+, disabled, or veteran homeowners.
See our property tax calculator for a state-by-state property tax breakdown, and our Nebraska paycheck calculator to estimate take-home pay against this monthly housing cost.
Nebraska vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Nebraska (this page) | 1.57% | $210,100 | $3,340 | |
| South Dakota | 1.15% | $231,600 | $2,690 | South Dakota mortgage → |
| Iowa | 1.40% | $185,100 | $2,650 | Iowa mortgage → |
| Missouri | 0.88% | $207,400 | $1,808 | Missouri mortgage → |
| Kansas | 1.31% | $191,800 | $2,510 | Kansas mortgage → |
FAQs about Nebraska mortgages
What is the property tax rate in Nebraska?
Nebraska's effective property tax rate is 1.57%, meaning the average homeowner pays roughly 1.57% of their home's value in property tax annually. On a $210,100 home (the state median), that's about $3,340 per year, or $278 per month added to your mortgage payment.
What is the average monthly mortgage payment in Nebraska?
For a home at Nebraska's median value of $210,100, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Nebraska's 1.57% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,598. This includes $1,118 principal & interest, $275 property tax, and $205 homeowners insurance.
How much income do I need to buy a house in Nebraska?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $68,486 to comfortably afford Nebraska's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $44,595 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Nebraska a good state to buy a house?
Nebraska's combination of 1.57% property tax (well above the national average of ~1.0%) and median home value of $210,100 make it one of the more affordable states for homeowners. Nebraska has above-average property tax rates and recent legislation aims to reduce the burden.
How does Nebraska property tax compare to neighboring states?
Nebraska's 1.57% rate compares to: South Dakota at 1.15%, Iowa at 1.40%, Missouri at 0.88%, Kansas at 1.31%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Nebraska have a homestead exemption?
Nebraska has above-average property tax rates and recent legislation aims to reduce the burden. Homestead exemption for 65+, disabled, or veteran homeowners.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Nebraska mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,118, Property Tax $275, Homeowners Insurance $205. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.