The typical owner-occupied home in Gordon is worth about $97,400, 59% below the Nebraska median of $238,600 and 71% below the national median of $332,700. Owners pay a median $1,621 a year in property taxes, about 1.66% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $59,226 a year, so the median home costs 1.6 times the median income (3.1 times for Nebraska). 70% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Gordon at a glance
| Gordon | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $97,400 | $238,600 | $332,700 |
| Median property tax paid per year | $1,621 | $3,549 | $3,119 |
| Property tax as a share of value | 1.66% | 1.49% | 0.94% |
| Median household income | $59,226 | $76,475 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 49% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,226 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.5% | 21.0% |
| Median rent | $625 | $1,072 | $1,413 |
| Rent as a share of renters' income | 23.1% | 27.9% | 30.6% |
| Median year homes were built | 1953 | 1975 | 1980 |
| Vacant homes | 16.7% | 7.6% | 10.1% |
| Population | 1,721 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Gordon
At this week's average 30-year rate of 7.11%, buying the median Gordon home of $97,400 with 20% down costs about $699 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $862, 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 $29,978 for the 20%-down payment. That payment is 14% of the median Gordon household income of $59,226; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $625 a month, so owning the median home costs about $74 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,480 |
|---|---|
| Loan amount | $77,920 |
| Principal and interest | $524 |
| Property taxes (1.66% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $699 |
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| Down payment | $3,409 |
|---|---|
| Loan amount | $95,636 |
| Principal and interest | $643 |
| Property taxes (1.66% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $862 |
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Questions about home buying in Gordon
What is the median home value in Gordon?
About $97,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gordon?
Homeowners pay a median $1,621 a year, which is about 1.66% 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 Gordon?
For the median home with 20% down at 7.11%, the payment is about $699 a month. Keeping that under 28% of gross income takes about $29,978 a year.
More about Gordon
- Mortgage Refinance in Gordon
- Debt Relief in Gordon
- Home Equity Loans in Gordon
- 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