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Buying a home in Deweese, Nebraska

The typical owner-occupied home in Deweese is worth about $91,700, 62% below the Nebraska median of $238,600 and 72% below the national median of $332,700. The median household earns $18,750 a year, so the median home costs 4.9 times the median income (3.1 times for Nebraska). 56% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.

Deweese at a glance

Deweese Nebraska U.S.
Median home value $91,700 $238,600 $332,700
Median property tax paid per year – $3,549 $3,119
Median household income $18,750 $76,475 $80,734
Homes lived in by their owners 56% 67% 65%
Owner homes with a mortgage 0% 58% 61%
Median monthly costs, owners with a mortgage – $1,736 $1,963
Median rent – $1,072 $1,413
Median year homes were built 1965 1975 1980
Vacant homes 23.8% 7.6% 10.1%
Population 56 1,978,707 334,922,499

What a typical home costs per month in Deweese

At this week's average 30-year rate of 7.11%, buying the median Deweese home of $91,700 with 20% down costs about $616 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $769, 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 $26,390 for the 20%-down payment. That payment is 39% of the median Deweese household income of $18,750; at that income and 20% down, the 28% guideline points to a home of about $65,000.

20% down, 30-year conventional loan
Down payment$18,340
Loan amount$73,360
Principal and interest$494
Property taxes (1.10% a year)$84
Homeowners insurance (our estimate, 0.5% a year)$38
PMI$0
Total per month$616

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3.5% down, 30-year FHA loan
Down payment$3,210
Loan amount$90,039
Principal and interest$606
Property taxes (1.10% a year)$84
Homeowners insurance (our estimate, 0.5% a year)$38
FHA mortgage insurance$41
Total per month$769

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Questions about home buying in Deweese

What is the median home value in Deweese?

About $91,700 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 Deweese?

For the median home with 20% down at 7.11%, the payment is about $616 a month. Keeping that under 28% of gross income takes about $26,390 a year.

More about Deweese

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