Norfolk, NE home prices
Typical home $254,243 · +3.6% in a year · income needed $76,500
The Norfolk, NE metro area ranks 439 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.6% in a year and +29.0% over five years. With 20% down at 7.11%, the typical home costs about $1,785 a month including 1.37% property tax (Madison County rate).
Mortgage on the typical Norfolk home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,849 | $203,394 | $1,368 | $0 | $417 | $1,785 | $76,500 |
| 10% down | $25,424 | $228,818 | $1,539 | $95 | $417 | $2,052 | $87,900 |
| 5% down | $12,712 | $241,530 | $1,625 | $101 | $417 | $2,143 | $91,800 |
| 3.5% down (FHA) | $8,898 | $249,638 | $1,679 | $112 | $417 | $2,209 | $94,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% 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.
Counties in the Norfolk area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Madison County, NE | $254,172 | +3.4% | 1.37% |
| Pierce County, NE | $246,072 | +2.9% | 1.14% |
| Stanton County, NE | $264,237 | +6.7% | 1.26% |
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Frequently asked questions
How much is a house in Norfolk?
The typical home in the Norfolk, NE metro area is worth $254,243 (Zillow, September 2026).
What salary do you need to buy a house in Norfolk?
About $76,500 a year for the typical home with 20% down at 7.11%.