The typical owner-occupied home in Potter is worth about $109,600, 54% below the Nebraska median of $238,600 and 67% below the national median of $332,700. Owners pay a median $1,417 a year in property taxes, about 1.29% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $76,250 a year, so the median home costs 1.4 times the median income (3.1 times for Nebraska). 82% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Potter at a glance
| Potter | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $109,600 | $238,600 | $332,700 |
| Median property tax paid per year | $1,417 | $3,549 | $3,119 |
| Property tax as a share of value | 1.29% | 1.49% | 0.94% |
| Median household income | $76,250 | $76,475 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 29% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,589 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 19.5% | 21.0% |
| Median rent | $875 | $1,072 | $1,413 |
| Rent as a share of renters' income | 32.5% | 27.9% | 30.6% |
| Median year homes were built | 1956 | 1975 | 1980 |
| Vacant homes | 5.7% | 7.6% | 10.1% |
| Population | 283 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Potter
At this week's average 30-year rate of 7.11%, buying the median Potter home of $109,600 with 20% down costs about $753 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $936, 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 $32,285 for the 20%-down payment. That payment is 12% of the median Potter household income of $76,250; at that income and 20% down, the 28% guideline points to a home of about $259,000.
The median rent here is $875 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,920 |
|---|---|
| Loan amount | $87,680 |
| Principal and interest | $590 |
| Property taxes (1.29% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $753 |
Change the numbers in the calculator
| Down payment | $3,836 |
|---|---|
| Loan amount | $107,615 |
| Principal and interest | $724 |
| Property taxes (1.29% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $48 |
| Total per month | $936 |
Change the numbers in the calculator
Questions about home buying in Potter
What is the median home value in Potter?
About $109,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Potter?
Homeowners pay a median $1,417 a year, which is about 1.29% 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 Potter?
For the median home with 20% down at 7.11%, the payment is about $753 a month. Keeping that under 28% of gross income takes about $32,285 a year.
More about Potter
- Mortgage Refinance in Potter
- Debt Relief in Potter
- Home Equity Loans in Potter
- 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