The typical owner-occupied home in Bennington is worth about $333,100, 40% above the Nebraska median of $238,600 and about the same as the national median of $332,700. Owners pay a median $6,203 a year in property taxes, about 1.86% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $97,500 a year, so the median home costs 3.4 times the median income (3.1 times for Nebraska). 70% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Bennington at a glance
| Bennington | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $333,100 | $238,600 | $332,700 |
| Median property tax paid per year | $6,203 | $3,549 | $3,119 |
| Property tax as a share of value | 1.86% | 1.49% | 0.94% |
| Median household income | $97,500 | $76,475 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 73% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,288 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 19.5% | 21.0% |
| Median rent | $1,516 | $1,072 | $1,413 |
| Rent as a share of renters' income | 32.1% | 27.9% | 30.6% |
| Median year homes were built | 2002 | 1975 | 1980 |
| Vacant homes | 16.1% | 7.6% | 10.1% |
| Population | 2,366 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Bennington
At this week's average 30-year rate of 7.11%, buying the median Bennington home of $333,100 with 20% down costs about $2,448 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,003, 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 $104,903 for the 20%-down payment. That payment is 30% of the median Bennington household income of $97,500; at that income and 20% down, the 28% guideline points to a home of about $310,000.
The median rent here is $1,516 a month, so owning the median home costs about $932 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $66,620 |
|---|---|
| Loan amount | $266,480 |
| Principal and interest | $1,793 |
| Property taxes (1.86% a year) | $516 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| PMI | $0 |
| Total per month | $2,448 |
Change the numbers in the calculator
| Down payment | $11,658 |
|---|---|
| Loan amount | $327,067 |
| Principal and interest | $2,200 |
| Property taxes (1.86% a year) | $516 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| FHA mortgage insurance | $147 |
| Total per month | $3,003 |
Change the numbers in the calculator
Questions about home buying in Bennington
What is the median home value in Bennington?
About $333,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bennington?
Homeowners pay a median $6,203 a year, which is about 1.86% 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 Bennington?
For the median home with 20% down at 7.11%, the payment is about $2,448 a month. Keeping that under 28% of gross income takes about $104,903 a year.
More about Bennington
- Mortgage Refinance in Bennington
- Debt Relief in Bennington
- Home Equity Loans in Bennington
- 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