The typical owner-occupied home in Ragan is worth about $70,000, 71% below the Nebraska median of $238,600 and 79% below the national median of $332,700. 100% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Ragan at a glance
| Ragan | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $70,000 | $238,600 | $332,700 |
| Median property tax paid per year | – | $3,549 | $3,119 |
| Median household income | – | $76,475 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 25% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,736 | $1,963 |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1993 | 1975 | 1980 |
| Vacant homes | 0.0% | 7.6% | 10.1% |
| Population | 12 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Ragan
At this week's average 30-year rate of 7.11%, buying the median Ragan home of $70,000 with 20% down costs about $470 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $587, 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 $20,145 for the 20%-down payment.
| Down payment | $14,000 |
|---|---|
| Loan amount | $56,000 |
| Principal and interest | $377 |
| Property taxes (1.10% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $470 |
Change the numbers in the calculator
| Down payment | $2,450 |
|---|---|
| Loan amount | $68,732 |
| Principal and interest | $462 |
| Property taxes (1.10% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $587 |
Change the numbers in the calculator
Questions about home buying in Ragan
What is the median home value in Ragan?
About $70,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ragan?
For the median home with 20% down at 7.11%, the payment is about $470 a month. Keeping that under 28% of gross income takes about $20,145 a year.
More about Ragan
- Mortgage Refinance in Ragan
- Debt Relief in Ragan
- Home Equity Loans in Ragan
- 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