Mortgage Calculator — Nebraska
Pre-filled with Nebraska's average home price of $240000, property tax rate of 1.49%, and average insurance of $1800/year. Adjust any value below.
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Nebraska Housing Market
Nebraska has moderate home prices but relatively high property taxes among Plains states. Omaha's diverse economy — Warren Buffett's Berkshire Hathaway base — drives stable demand and consistent appreciation.
Affordability in Nebraska
Omaha and Lincoln offer excellent affordability for buyers seeking urban amenities. Property taxes above 1.4% add $250–$350/month to carrying costs, which should be factored into affordability calculations.
Key Markets
First-Time Buyer Programs in Nebraska
NIFA First Home
Fixed-rate first mortgage for first-time buyers, with income and price limits.
NIFA Homebuyer Assistance
Down payment and closing cost help of a percentage of the purchase price as a second loan.
Programs are run by the Nebraska Investment Finance Authority (NIFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Nebraska
Nebraska's property taxes are among the highest in the Midwest. The state's school property tax credits and the Homestead Exemption for seniors and disabled owners lower bills. At Nebraska's average effective rate of 1.49%, a $240,000 home pays roughly $3,580/year (about $298/month).
Nebraska Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Nebraska
Nebraska's documentary stamp tax is $2.25 per $1,000 (0.225%) and is paid by the seller. Buyer closing costs are mostly lender and title fees.
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