The typical owner-occupied home in Odell is worth about $106,500, 55% below the Nebraska median of $238,600 and 68% below the national median of $332,700. Owners pay a median $900 a year in property taxes, about 0.85% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $66,250 a year, so the median home costs 1.6 times the median income (3.1 times for Nebraska). 71% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Odell at a glance
| Odell | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $106,500 | $238,600 | $332,700 |
| Median property tax paid per year | $900 | $3,549 | $3,119 |
| Property tax as a share of value | 0.85% | 1.49% | 0.94% |
| Median household income | $66,250 | $76,475 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 37% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 19.5% | 21.0% |
| Median rent | $592 | $1,072 | $1,413 |
| Rent as a share of renters' income | 17.9% | 27.9% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 15.7% | 7.6% | 10.1% |
| Population | 211 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Odell
At this week's average 30-year rate of 7.11%, buying the median Odell home of $106,500 with 20% down costs about $693 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $870, 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 $29,698 for the 20%-down payment. That payment is 13% of the median Odell household income of $66,250; at that income and 20% down, the 28% guideline points to a home of about $238,000.
The median rent here is $592 a month, so owning the median home costs about $101 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,300 |
|---|---|
| Loan amount | $85,200 |
| Principal and interest | $573 |
| Property taxes (0.85% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $693 |
Change the numbers in the calculator
| Down payment | $3,728 |
|---|---|
| Loan amount | $104,571 |
| Principal and interest | $703 |
| Property taxes (0.85% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $870 |
Change the numbers in the calculator
Questions about home buying in Odell
What is the median home value in Odell?
About $106,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Odell?
Homeowners pay a median $900 a year, which is about 0.85% 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 Odell?
For the median home with 20% down at 7.11%, the payment is about $693 a month. Keeping that under 28% of gross income takes about $29,698 a year.
More about Odell
- Mortgage Refinance in Odell
- Debt Relief in Odell
- Home Equity Loans in Odell
- 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