How much house can I afford on $120,000 in Nebraska?
About $401,000 with 20% down ($324,000 with an FHA loan), using Nebraska's 1.31% property tax rate.
That is $123,103 more than the typical Nebraska home ($278,299), so a $120,000 salary can buy a typical home here. The payment of $2,800 covers $2,160 principal and interest, $439 property tax and $201 insurance.
Counties in Nebraska you can afford on $120,000
89 of 89 counties have a typical home value at or below $401,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Washington County | $396,936 | +2.2% | 1.39% |
| Saunders County | $357,205 | +5.3% | 1.3% |
| Sarpy County | $356,669 | +3.0% | 1.74% |
| Banner County | $355,663 | +4.1% | 1.26% |
| McPherson County | $339,233 | +1.7% | 1.11% |
| Seward County | $317,580 | +7.0% | 1.18% |
| Gosper County | $311,165 | -1.8% | 1.05% |
| Sioux County | $310,306 | +9.5% | 1.63% |
| Cass County | $308,970 | +3.7% | 1.43% |
| Buffalo County | $305,204 | +6.5% | 1.44% |
| Hamilton County | $301,079 | +5.6% | 0.95% |
| Lancaster County | $299,768 | +2.9% | 1.53% |
| Boone County | $294,679 | +1.7% | 1.03% |
| Douglas County | $294,051 | +2.2% | 1.69% |
| Keya Paha County | $284,560 | -1.1% | 1.29% |
| Howard County | $280,528 | +4.3% | 1.16% |
| Hayes County | $280,179 | +1.4% | 1.01% |
| Platte County | $278,340 | +2.1% | 1.29% |
| Cuming County | $269,878 | +7.8% | 1% |
| Stanton County | $264,237 | +6.7% | 1.26% |
| Hall County | $255,979 | -0.5% | 1.39% |
| Madison County | $254,172 | +3.4% | 1.37% |
| Wayne County | $252,588 | +6.6% | 1.12% |
| Kearney County | $250,494 | +5.0% | 1.23% |
| Keith County | $247,262 | +7.0% | 1.41% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.31% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Nebraska
Frequently asked questions
How much house can I afford on $120,000 in Nebraska?
About $401,000 with 20% down at 7.11%, keeping the payment (with Nebraska's 1.31% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Nebraska?
Yes: the typical Nebraska home is worth $278,299 (Zillow, September 2026) and $120,000 supports about $401,000. 89 of 89 counties are within budget.