The typical owner-occupied home in Randolph is worth about $119,000, 50% below the Nebraska median of $238,600 and 64% below the national median of $332,700. Owners pay a median $1,075 a year in property taxes, about 0.90% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $84,531 a year, so the median home costs 1.4 times the median income (3.1 times for Nebraska). 77% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Randolph at a glance
| Randolph | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $119,000 | $238,600 | $332,700 |
| Median property tax paid per year | $1,075 | $3,549 | $3,119 |
| Property tax as a share of value | 0.90% | 1.49% | 0.94% |
| Median household income | $84,531 | $76,475 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 35% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,309 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 19.5% | 21.0% |
| Median rent | $665 | $1,072 | $1,413 |
| Rent as a share of renters' income | 14.2% | 27.9% | 30.6% |
| Median year homes were built | 1952 | 1975 | 1980 |
| Vacant homes | 14.1% | 7.6% | 10.1% |
| Population | 877 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Randolph
At this week's average 30-year rate of 7.11%, buying the median Randolph home of $119,000 with 20% down costs about $779 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $977, 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 $33,396 for the 20%-down payment. That payment is 11% of the median Randolph household income of $84,531; at that income and 20% down, the 28% guideline points to a home of about $301,000.
The median rent here is $665 a month, so owning the median home costs about $114 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,800 |
|---|---|
| Loan amount | $95,200 |
| Principal and interest | $640 |
| Property taxes (0.90% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $779 |
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| Down payment | $4,165 |
|---|---|
| Loan amount | $116,845 |
| Principal and interest | $786 |
| Property taxes (0.90% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $977 |
Change the numbers in the calculator
Questions about home buying in Randolph
What is the median home value in Randolph?
About $119,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Randolph?
Homeowners pay a median $1,075 a year, which is about 0.90% 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 Randolph?
For the median home with 20% down at 7.11%, the payment is about $779 a month. Keeping that under 28% of gross income takes about $33,396 a year.
More about Randolph
- Mortgage Refinance in Randolph
- Debt Relief in Randolph
- Home Equity Loans in Randolph
- 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