The typical owner-occupied home in Cozad is worth about $121,600, 49% below the Nebraska median of $238,600 and 63% below the national median of $332,700. Owners pay a median $1,880 a year in property taxes, about 1.55% of their home's value, close to the Nebraska rate of 1.49%. The median household earns $54,471 a year, so the median home costs 2.2 times the median income (3.1 times for Nebraska). 65% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Cozad at a glance
| Cozad | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $121,600 | $238,600 | $332,700 |
| Median property tax paid per year | $1,880 | $3,549 | $3,119 |
| Property tax as a share of value | 1.55% | 1.49% | 0.94% |
| Median household income | $54,471 | $76,475 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 47% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,340 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 19.5% | 21.0% |
| Median rent | $851 | $1,072 | $1,413 |
| Rent as a share of renters' income | 31.9% | 27.9% | 30.6% |
| Median year homes were built | 1970 | 1975 | 1980 |
| Vacant homes | 6.1% | 7.6% | 10.1% |
| Population | 3,937 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Cozad
At this week's average 30-year rate of 7.11%, buying the median Cozad home of $121,600 with 20% down costs about $862 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,065, 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 $36,949 for the 20%-down payment. That payment is 19% of the median Cozad household income of $54,471; at that income and 20% down, the 28% guideline points to a home of about $179,000.
The median rent here is $851 a month, so owning the median home costs about $11 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,320 |
|---|---|
| Loan amount | $97,280 |
| Principal and interest | $654 |
| Property taxes (1.55% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $862 |
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| Down payment | $4,256 |
|---|---|
| Loan amount | $119,398 |
| Principal and interest | $803 |
| Property taxes (1.55% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,065 |
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Questions about home buying in Cozad
What is the median home value in Cozad?
About $121,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cozad?
Homeowners pay a median $1,880 a year, which is about 1.55% 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 Cozad?
For the median home with 20% down at 7.11%, the payment is about $862 a month. Keeping that under 28% of gross income takes about $36,949 a year.
More about Cozad
- Mortgage Refinance in Cozad
- Debt Relief in Cozad
- Home Equity Loans in Cozad
- 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