The typical owner-occupied home in Venango is worth about $60,700, 75% below the Nebraska median of $238,600 and 82% below the national median of $332,700. Owners pay a median $600 a year in property taxes, about 0.99% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $74,500 a year, so the median home costs 0.8 times the median income (3.1 times for Nebraska). 86% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Venango at a glance
| Venango | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $60,700 | $238,600 | $332,700 |
| Median property tax paid per year | $600 | $3,549 | $3,119 |
| Property tax as a share of value | 0.99% | 1.49% | 0.94% |
| Median household income | $74,500 | $76,475 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 27% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $910 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 13.1% | 19.5% | 21.0% |
| Median rent | $1,275 | $1,072 | $1,413 |
| Rent as a share of renters' income | 24.5% | 27.9% | 30.6% |
| Median year homes were built | 1943 | 1975 | 1980 |
| Vacant homes | 20.0% | 7.6% | 10.1% |
| Population | 182 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Venango
At this week's average 30-year rate of 7.11%, buying the median Venango home of $60,700 with 20% down costs about $402 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $503, 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 $17,230 for the 20%-down payment. That payment is 6% of the median Venango household income of $74,500; at that income and 20% down, the 28% guideline points to a home of about $262,000.
The median rent here is $1,275 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,140 |
|---|---|
| Loan amount | $48,560 |
| Principal and interest | $327 |
| Property taxes (0.99% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $402 |
Change the numbers in the calculator
| Down payment | $2,124 |
|---|---|
| Loan amount | $59,601 |
| Principal and interest | $401 |
| Property taxes (0.99% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $27 |
| Total per month | $503 |
Change the numbers in the calculator
Questions about home buying in Venango
What is the median home value in Venango?
About $60,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Venango?
Homeowners pay a median $600 a year, which is about 0.99% 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 Venango?
For the median home with 20% down at 7.11%, the payment is about $402 a month. Keeping that under 28% of gross income takes about $17,230 a year.
More about Venango
- Mortgage Refinance in Venango
- Debt Relief in Venango
- Home Equity Loans in Venango
- 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