McPherson County, Nebraska home prices
Typical home $339,233 · +1.7% in a year · property tax 1.11%
The typical home in McPherson County is worth $339,233, 22% more than the Nebraska typical home ($278,299). Values changed +1.7% in the past year and +49.9% over five years. Homeowners here pay a median 1.11% of their home's value in property tax each year ($3,766 on the typical home), versus 1.31% statewide.
Mortgage on the typical McPherson County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $67,847 | $271,386 | $1,826 | $0 | $483 | $2,309 | $99,000 |
| 10% down | $33,923 | $305,310 | $2,054 | $127 | $483 | $2,665 | $114,200 |
| 5% down | $16,962 | $322,271 | $2,168 | $134 | $483 | $2,786 | $119,400 |
| 3.5% down (FHA) | $11,873 | $333,089 | $2,241 | $150 | $483 | $2,874 | $123,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.11% 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 · part of the North Platte metro area.
Nebraska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Banner County | $355,663 | +4.1% | 1.26% |
| Sarpy County | $356,669 | +3.0% | 1.74% |
| Saunders County | $357,205 | +5.3% | 1.3% |
| 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% |
Frequently asked questions
What is the average home price in McPherson County, NE?
The typical home value in McPherson County is $339,233 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in McPherson County?
About $99,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in McPherson County?
The median effective rate is 1.11% of home value a year (Census ACS 2024 5-year estimates).