Nebraska housing costs at a glance
| Nebraska | |
|---|---|
| Median home value (Zillow) | $283,000 |
| Average effective property tax | 1.38% |
| Typical rate for a new buyer (calculator default) | 1.5% |
| Average homeowners insurance ($300k dwelling) | $4,044 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Nebraska home for $283,000, 20% down, 6.5% 30-year fixed: principal and interest $1,431 + property tax $354 + insurance $337 = about $2,122 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Nebraska property tax
Nebraska has some of the highest property taxes in the Midwest: about 1.38% of home value on average, mostly for schools. Homeowners get part of it back through the state's school property tax credit, claimed on the Nebraska income tax return, and the homestead exemption helps older owners and people with disabilities with lower incomes.
Other Nebraska costs
- Documentary stamp tax: $2.25 per $1,000 of the price, usually paid by the seller.
- Insurance: about $4,040 a year on average, among the highest in the country, because of hail.
- See also the Nebraska paycheck calculator.
Other states
See also the Nebraska paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Nebraska?
About 1.38% of home value on average, one of the highest rates in the country.
What is the monthly payment on a median-priced Nebraska home?
On a $283,000 home with 20% down at 6.5%, principal and interest are about $1,431; with property tax at 1.5% and average insurance the total is about $2,122 a month.
How do I get the Nebraska property tax credit?
Claim the credit for school district property taxes paid on your Nebraska income tax return.
Why is home insurance expensive in Nebraska?
Hail: the average premium is about $4,040 a year for $300,000 of dwelling coverage.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Nebraska Department of Revenue – property assessment
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026