Sherman County, Nebraska home prices
Typical home $192,607 · +4.8% in a year · property tax 1.16%
The typical home in Sherman County is worth $192,607, 31% less than the Nebraska typical home ($278,299). Values changed +4.8% in the past year and +31.9% over five years. Homeowners here pay a median 1.16% of their home's value in property tax each year ($2,235 on the typical home), versus 1.31% statewide.
Mortgage on the typical Sherman County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,521 | $154,085 | $1,037 | $0 | $283 | $1,319 | $56,500 |
| 10% down | $19,261 | $173,346 | $1,166 | $72 | $283 | $1,521 | $65,200 |
| 5% down | $9,630 | $182,976 | $1,231 | $76 | $283 | $1,590 | $68,100 |
| 3.5% down (FHA) | $6,741 | $189,118 | $1,272 | $85 | $283 | $1,640 | $70,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% 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 |
|---|---|---|---|
| Burt County | $192,436 | +4.9% | 1.32% |
| Dawes County | $189,283 | +5.4% | 1.45% |
| Scotts Bluff County | $196,514 | +3.2% | 1.48% |
| Dixon County | $199,125 | +9.3% | 1.2% |
| Dawson County | $199,542 | -1.3% | 1.31% |
| Gage County | $200,898 | +0.6% | 1.41% |
| Nemaha County | $183,504 | +5.5% | 1.44% |
| Thomas County | $182,513 | -5.7% | 1.25% |
| Holt County | $181,816 | +8.8% | 1.11% |
| Red Willow County | $181,358 | +1.5% | 1.18% |
Frequently asked questions
What is the average home price in Sherman County, NE?
The typical home value in Sherman County is $192,607 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Sherman County?
About $56,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Sherman County?
The median effective rate is 1.16% of home value a year (Census ACS 2024 5-year estimates).