The typical owner-occupied home in Valley is worth about $528,100, 2.2 times the Nebraska median of $238,600 and 59% above the national median of $332,700. Owners pay a median $7,527 a year in property taxes, about 1.43% of their home's value, close to the Nebraska rate of 1.49%. The median household earns $110,200 a year, so the median home costs 4.8 times the median income (3.1 times for Nebraska). 74% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Valley at a glance
| Valley | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $528,100 | $238,600 | $332,700 |
| Median property tax paid per year | $7,527 | $3,549 | $3,119 |
| Property tax as a share of value | 1.43% | 1.49% | 0.94% |
| Median household income | $110,200 | $76,475 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,071 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 19.5% | 21.0% |
| Median rent | $962 | $1,072 | $1,413 |
| Rent as a share of renters' income | 30.0% | 27.9% | 30.6% |
| Median year homes were built | 1982 | 1975 | 1980 |
| Vacant homes | 16.5% | 7.6% | 10.1% |
| Population | 3,174 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Valley
At this week's average 30-year rate of 7.11%, buying the median Valley home of $528,100 with 20% down costs about $3,691 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,571, 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 $158,203 for the 20%-down payment. That payment is 40% of the median Valley household income of $110,200; at that income and 20% down, the 28% guideline points to a home of about $368,000.
The median rent here is $962 a month, so owning the median home costs about $2,729 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $105,620 |
|---|---|
| Loan amount | $422,480 |
| Principal and interest | $2,842 |
| Property taxes (1.43% a year) | $629 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| PMI | $0 |
| Total per month | $3,691 |
Change the numbers in the calculator
| Down payment | $18,484 |
|---|---|
| Loan amount | $518,535 |
| Principal and interest | $3,488 |
| Property taxes (1.43% a year) | $629 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| FHA mortgage insurance | $234 |
| Total per month | $4,571 |
Change the numbers in the calculator
Questions about home buying in Valley
What is the median home value in Valley?
About $528,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Valley?
Homeowners pay a median $7,527 a year, which is about 1.43% 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 Valley?
For the median home with 20% down at 7.11%, the payment is about $3,691 a month. Keeping that under 28% of gross income takes about $158,203 a year.
More about Valley
- Mortgage Refinance in Valley
- Debt Relief in Valley
- Home Equity Loans in Valley
- 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