The typical owner-occupied home in Meadow Grove is worth about $67,500, 72% below the Nebraska median of $238,600 and 80% below the national median of $332,700. Owners pay a median $1,096 a year in property taxes, about 1.62% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $49,063 a year, so the median home costs 1.4 times the median income (3.1 times for Nebraska). 93% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Meadow Grove at a glance
| Meadow Grove | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $67,500 | $238,600 | $332,700 |
| Median property tax paid per year | $1,096 | $3,549 | $3,119 |
| Property tax as a share of value | 1.62% | 1.49% | 0.94% |
| Median household income | $49,063 | $76,475 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 32% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $863 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 23.1% | 7.6% | 10.1% |
| Population | 174 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Meadow Grove
At this week's average 30-year rate of 7.11%, buying the median Meadow Grove home of $67,500 with 20% down costs about $483 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $595, 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 $20,679 for the 20%-down payment. That payment is 12% of the median Meadow Grove household income of $49,063; at that income and 20% down, the 28% guideline points to a home of about $160,000.
| Down payment | $13,500 |
|---|---|
| Loan amount | $54,000 |
| Principal and interest | $363 |
| Property taxes (1.62% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $483 |
Change the numbers in the calculator
| Down payment | $2,362 |
|---|---|
| Loan amount | $66,277 |
| Principal and interest | $446 |
| Property taxes (1.62% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $595 |
Change the numbers in the calculator
Questions about home buying in Meadow Grove
What is the median home value in Meadow Grove?
About $67,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Meadow Grove?
Homeowners pay a median $1,096 a year, which is about 1.62% 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 Meadow Grove?
For the median home with 20% down at 7.11%, the payment is about $483 a month. Keeping that under 28% of gross income takes about $20,679 a year.
More about Meadow Grove
- Mortgage Refinance in Meadow Grove
- Debt Relief in Meadow Grove
- Home Equity Loans in Meadow Grove
- 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