Cherry County, Nebraska home prices
Typical home $221,476 · -5.6% in a year · property tax 0.99%
The typical home in Cherry County is worth $221,476, 20% less than the Nebraska typical home ($278,299). Values changed -5.6% in the past year and +21.5% over five years. Homeowners here pay a median 0.99% of their home's value in property tax each year ($2,190 on the typical home), versus 1.31% statewide.
Mortgage on the typical Cherry County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,295 | $177,181 | $1,192 | $0 | $293 | $1,485 | $63,600 |
| 10% down | $22,148 | $199,329 | $1,341 | $83 | $293 | $1,717 | $73,600 |
| 5% down | $11,074 | $210,402 | $1,415 | $88 | $293 | $1,796 | $77,000 |
| 3.5% down (FHA) | $7,752 | $217,465 | $1,463 | $98 | $293 | $1,854 | $79,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.99% 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.
What it takes: see what you can afford by salary in Nebraska.
Nebraska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Perkins County | $221,350 | +0.7% | 1% |
| Polk County | $218,827 | +1.9% | 0.99% |
| Greeley County | $218,638 | +8.2% | 1.29% |
| Chase County | $218,408 | +8.4% | 1.28% |
| Saline County | $218,248 | +1.8% | 1.35% |
| Lincoln County | $225,085 | +6.6% | 1.47% |
| York County | $226,050 | -0.1% | 1.19% |
| Antelope County | $214,956 | +4.2% | 1.23% |
| Merrick County | $228,260 | +2.7% | 1.3% |
| Colfax County | $228,275 | +1.1% | 1.18% |
Frequently asked questions
What is the average home price in Cherry County, NE?
The typical home value in Cherry County is $221,476 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Cherry County?
About $63,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Cherry County?
The median effective rate is 0.99% of home value a year (Census ACS 2024 5-year estimates).