The typical owner-occupied home in Wellfleet is worth about $71,700, 70% below the Nebraska median of $238,600 and 78% below the national median of $332,700. The median household earns $49,792 a year, so the median home costs 1.4 times the median income (3.1 times for Nebraska). 78% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Wellfleet at a glance
| Wellfleet | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $71,700 | $238,600 | $332,700 |
| Median property tax paid per year | – | $3,549 | $3,119 |
| Median household income | $49,792 | $76,475 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 33% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,688 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1957 | 1975 | 1980 |
| Vacant homes | 15.6% | 7.6% | 10.1% |
| Population | 74 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Wellfleet
At this week's average 30-year rate of 7.11%, buying the median Wellfleet home of $71,700 with 20% down costs about $481 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $601, 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 $20,634 for the 20%-down payment. That payment is 12% of the median Wellfleet household income of $49,792; at that income and 20% down, the 28% guideline points to a home of about $173,000.
| Down payment | $14,340 |
|---|---|
| Loan amount | $57,360 |
| Principal and interest | $386 |
| Property taxes (1.10% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $481 |
Change the numbers in the calculator
| Down payment | $2,510 |
|---|---|
| Loan amount | $70,401 |
| Principal and interest | $474 |
| Property taxes (1.10% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $601 |
Change the numbers in the calculator
Questions about home buying in Wellfleet
What is the median home value in Wellfleet?
About $71,700 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 Wellfleet?
For the median home with 20% down at 7.11%, the payment is about $481 a month. Keeping that under 28% of gross income takes about $20,634 a year.
More about Wellfleet
- Mortgage Refinance in Wellfleet
- Debt Relief in Wellfleet
- Home Equity Loans in Wellfleet
- 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