Merrick County, Nebraska home prices
Typical home $228,260 · +2.7% in a year · property tax 1.3%
The typical home in Merrick County is worth $228,260, 18% less than the Nebraska typical home ($278,299). Values changed +2.7% in the past year and +31.8% over five years. Homeowners here pay a median 1.3% of their home's value in property tax each year ($2,959 on the typical home), versus 1.31% statewide.
Mortgage on the typical Merrick County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,652 | $182,608 | $1,228 | $0 | $361 | $1,589 | $68,100 |
| 10% down | $22,826 | $205,434 | $1,382 | $86 | $361 | $1,828 | $78,400 |
| 5% down | $11,413 | $216,847 | $1,459 | $90 | $361 | $1,910 | $81,800 |
| 3.5% down (FHA) | $7,989 | $224,125 | $1,508 | $101 | $361 | $1,969 | $84,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.3% 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 Grand Island metro area.
Nebraska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Colfax County | $228,275 | +1.1% | 1.18% |
| Garfield County | $230,215 | +4.5% | 1.35% |
| York County | $226,050 | -0.1% | 1.19% |
| Lincoln County | $225,085 | +6.6% | 1.47% |
| Wheeler County | $234,464 | +1.8% | 0.79% |
| Cherry County | $221,476 | -5.6% | 0.99% |
| Perkins County | $221,350 | +0.7% | 1% |
| Cedar County | $236,446 | +9.8% | 1% |
| Polk County | $218,827 | +1.9% | 0.99% |
| Greeley County | $218,638 | +8.2% | 1.29% |
Frequently asked questions
What is the average home price in Merrick County, NE?
The typical home value in Merrick County is $228,260 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Merrick County?
About $68,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Merrick County?
The median effective rate is 1.3% of home value a year (Census ACS 2024 5-year estimates).