CALCMONEY // HOME AFFORDABILITY // NE
Find out how much home you can afford in Nebraska using local median home prices, current mortgage rates, and NE-specific property tax data.
Open Full Calculator$282,767
$1,926/mo
$255,091
$82,537/yr
| Median Home Price | $282,767 |
| Down Payment (20%) | $56,553 |
| Loan Amount | $226,214 |
| Monthly PI Payment | $1,469 |
| Monthly Property Tax | $339 |
| Monthly Insurance Est. | $118 |
| Total Monthly PITI | $1,926 |
| Required Gross Income (28% rule) | $82,537/yr |
| Max Affordable Price (28% rule) | $255,091 |
$9,897
$2,422/mo
Nebraska Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $282,767 | State median |
| Down Payment (20%) | $56,553 | Conventional |
| Monthly PITI (median home) | $1,926 | 6.76% rate |
| Required Income (28% rule) | $82,537 | Annual gross |
| Max Affordable Home | $255,091 | Based on median income |
| FHA Down Payment (3.5%) | $9,897 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Nebraska is $282,767, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $226,214, resulting in a monthly principal and interest payment of $1,469. Once property taxes and insurance are added, total monthly housing costs reach $1,926.
Property taxes in Nebraska average 1.44%, near the national average of 1.1%. On the median Nebraska home, property taxes add $339/month to total housing costs.
Nebraska levies a state income tax of 2.46%–4.55%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Nebraska state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Nebraska's median income of $76,376/year can afford up to $1,782/month in total housing costs (principal, interest, taxes, and insurance). Based on Nebraska's current mortgage rate of 6.76% and property tax rate of 1.44%, that translates to a maximum affordable home price of approximately $255,091 with 20% down on a 30-year loan.
To comfortably afford the median Nebraska home priced at $282,767, you need an annual gross income of approximately $82,537. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,469, property taxes of $339, and insurance of $118) come to $1,926/month, which should not exceed 28% of your gross monthly income.
Nebraska's average property tax rate is 1.44%, which is above the national average of 1.1%. On the median Nebraska home of $282,767, that means annual property taxes of $4,072, or $339/month. Because lenders include property taxes in your debt-to-income calculation, Nebraska's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Nebraska home of $282,767, that is $9,897. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($56,553 on the median Nebraska home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Nebraska-specific minimum down payment requirements beyond federal guidelines.