The typical owner-occupied home in Brady is worth about $151,200, 37% below the Nebraska median of $238,600 and 55% below the national median of $332,700. Owners pay a median $2,419 a year in property taxes, about 1.60% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $80,833 a year, so the median home costs 1.9 times the median income (3.1 times for Nebraska). 88% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Brady at a glance
| Brady | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $151,200 | $238,600 | $332,700 |
| Median property tax paid per year | $2,419 | $3,549 | $3,119 |
| Property tax as a share of value | 1.60% | 1.49% | 0.94% |
| Median household income | $80,833 | $76,475 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 49% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,398 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.5% | 21.0% |
| Median rent | $1,083 | $1,072 | $1,413 |
| Rent as a share of renters' income | 17.5% | 27.9% | 30.6% |
| Median year homes were built | 1980 | 1975 | 1980 |
| Vacant homes | 3.2% | 7.6% | 10.1% |
| Population | 470 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Brady
At this week's average 30-year rate of 7.11%, buying the median Brady home of $151,200 with 20% down costs about $1,078 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,330, 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 $46,213 for the 20%-down payment. That payment is 16% of the median Brady household income of $80,833; at that income and 20% down, the 28% guideline points to a home of about $264,000.
The median rent here is $1,083 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $30,240 |
|---|---|
| Loan amount | $120,960 |
| Principal and interest | $814 |
| Property taxes (1.60% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $1,078 |
Change the numbers in the calculator
| Down payment | $5,292 |
|---|---|
| Loan amount | $148,461 |
| Principal and interest | $999 |
| Property taxes (1.60% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,330 |
Change the numbers in the calculator
Questions about home buying in Brady
What is the median home value in Brady?
About $151,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brady?
Homeowners pay a median $2,419 a year, which is about 1.60% 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 Brady?
For the median home with 20% down at 7.11%, the payment is about $1,078 a month. Keeping that under 28% of gross income takes about $46,213 a year.
More about Brady
- Mortgage Refinance in Brady
- Debt Relief in Brady
- Home Equity Loans in Brady
- 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