The typical owner-occupied home in Cedar Creek is worth about $391,100, 64% above the Nebraska median of $238,600 and 18% above the national median of $332,700. Owners pay a median $4,636 a year in property taxes, about 1.19% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $118,456 a year, so the median home costs 3.3 times the median income (3.1 times for Nebraska). 96% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Cedar Creek at a glance
| Cedar Creek | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $391,100 | $238,600 | $332,700 |
| Median property tax paid per year | $4,636 | $3,549 | $3,119 |
| Property tax as a share of value | 1.19% | 1.49% | 0.94% |
| Median household income | $118,456 | $76,475 | $80,734 |
| Homes lived in by their owners | 96% | 67% | 65% |
| Owner homes with a mortgage | 66% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,016 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1978 | 1975 | 1980 |
| Vacant homes | 56.1% | 7.6% | 10.1% |
| Population | 427 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Cedar Creek
At this week's average 30-year rate of 7.11%, buying the median Cedar Creek home of $391,100 with 20% down costs about $2,656 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,307, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $113,810 for the 20%-down payment. That payment is 27% of the median Cedar Creek household income of $118,456; at that income and 20% down, the 28% guideline points to a home of about $407,000.
| Down payment | $78,220 |
|---|---|
| Loan amount | $312,880 |
| Principal and interest | $2,105 |
| Property taxes (1.19% a year) | $388 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| PMI | $0 |
| Total per month | $2,656 |
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| Down payment | $13,688 |
|---|---|
| Loan amount | $384,016 |
| Principal and interest | $2,583 |
| Property taxes (1.19% a year) | $388 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| FHA mortgage insurance | $173 |
| Total per month | $3,307 |
Change the numbers in the calculator
Questions about home buying in Cedar Creek
What is the median home value in Cedar Creek?
About $391,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cedar Creek?
Homeowners pay a median $4,636 a year, which is about 1.19% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cedar Creek?
For the median home with 20% down at 7.11%, the payment is about $2,656 a month. Keeping that under 28% of gross income takes about $113,810 a year.
More about Cedar Creek
- Mortgage Refinance in Cedar Creek
- Debt Relief in Cedar Creek
- Home Equity Loans in Cedar Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data