The typical owner-occupied home in Magnet is worth about $33,800, 86% below the Nebraska median of $238,600 and 90% below the national median of $332,700. Owners pay a median $575 a year in property taxes, about 1.70% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $59,063 a year, so the median home costs 0.6 times the median income (3.1 times for Nebraska). 81% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Magnet at a glance
| Magnet | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $33,800 | $238,600 | $332,700 |
| Median property tax paid per year | $575 | $3,549 | $3,119 |
| Property tax as a share of value | 1.70% | 1.49% | 0.94% |
| Median household income | $59,063 | $76,475 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 9% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,736 | $1,963 |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 20.6% | 7.6% | 10.1% |
| Population | 61 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Magnet
At this week's average 30-year rate of 7.11%, buying the median Magnet home of $33,800 with 20% down costs about $244 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $300, 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 $10,452 for the 20%-down payment. That payment is 5% of the median Magnet household income of $59,063; at that income and 20% down, the 28% guideline points to a home of about $191,000.
| Down payment | $6,760 |
|---|---|
| Loan amount | $27,040 |
| Principal and interest | $182 |
| Property taxes (1.70% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| PMI | $0 |
| Total per month | $244 |
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| Down payment | $1,183 |
|---|---|
| Loan amount | $33,188 |
| Principal and interest | $223 |
| Property taxes (1.70% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $14 |
| FHA mortgage insurance | $15 |
| Total per month | $300 |
Change the numbers in the calculator
Questions about home buying in Magnet
What is the median home value in Magnet?
About $33,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Magnet?
Homeowners pay a median $575 a year, which is about 1.70% 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 Magnet?
For the median home with 20% down at 7.11%, the payment is about $244 a month. Keeping that under 28% of gross income takes about $10,452 a year.
More about Magnet
- Mortgage Refinance in Magnet
- Debt Relief in Magnet
- Home Equity Loans in Magnet
- 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