The typical owner-occupied home in Sprague is worth about $197,300, 17% below the Nebraska median of $238,600 and 41% below the national median of $332,700. Owners pay a median $2,714 a year in property taxes, about 1.38% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $81,250 a year, so the median home costs 2.4 times the median income (3.1 times for Nebraska). 83% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Sprague at a glance
| Sprague | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $197,300 | $238,600 | $332,700 |
| Median property tax paid per year | $2,714 | $3,549 | $3,119 |
| Property tax as a share of value | 1.38% | 1.49% | 0.94% |
| Median household income | $81,250 | $76,475 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 66% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,391 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 19.5% | 21.0% |
| Median rent | $1,607 | $1,072 | $1,413 |
| Rent as a share of renters' income | 47.5% | 27.9% | 30.6% |
| Median year homes were built | 1952 | 1975 | 1980 |
| Vacant homes | 0.0% | 7.6% | 10.1% |
| Population | 176 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Sprague
At this week's average 30-year rate of 7.11%, buying the median Sprague home of $197,300 with 20% down costs about $1,371 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,700, 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 $58,753 for the 20%-down payment. That payment is 20% of the median Sprague household income of $81,250; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $1,607 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $39,460 |
|---|---|
| Loan amount | $157,840 |
| Principal and interest | $1,062 |
| Property taxes (1.38% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| PMI | $0 |
| Total per month | $1,371 |
Change the numbers in the calculator
| Down payment | $6,906 |
|---|---|
| Loan amount | $193,726 |
| Principal and interest | $1,303 |
| Property taxes (1.38% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| FHA mortgage insurance | $87 |
| Total per month | $1,700 |
Change the numbers in the calculator
Questions about home buying in Sprague
What is the median home value in Sprague?
About $197,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sprague?
Homeowners pay a median $2,714 a year, which is about 1.38% 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 Sprague?
For the median home with 20% down at 7.11%, the payment is about $1,371 a month. Keeping that under 28% of gross income takes about $58,753 a year.
More about Sprague
- Mortgage Refinance in Sprague
- Debt Relief in Sprague
- Home Equity Loans in Sprague
- 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