The typical owner-occupied home in Western is worth about $70,000, 71% below the Nebraska median of $238,600 and 79% below the national median of $332,700. Owners pay a median $900 a year in property taxes, about 1.29% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $53,750 a year, so the median home costs 1.3 times the median income (3.1 times for Nebraska). 91% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Western at a glance
| Western | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $70,000 | $238,600 | $332,700 |
| Median property tax paid per year | $900 | $3,549 | $3,119 |
| Property tax as a share of value | 1.29% | 1.49% | 0.94% |
| Median household income | $53,750 | $76,475 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 29% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,479 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.5% | 21.0% |
| Median rent | $563 | $1,072 | $1,413 |
| Rent as a share of renters' income | 13.8% | 27.9% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 12.7% | 7.6% | 10.1% |
| Population | 215 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Western
At this week's average 30-year rate of 7.11%, buying the median Western home of $70,000 with 20% down costs about $481 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $598, 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 $20,620 for the 20%-down payment. That payment is 11% of the median Western household income of $53,750; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $563 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,000 |
|---|---|
| Loan amount | $56,000 |
| Principal and interest | $377 |
| Property taxes (1.29% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $481 |
Change the numbers in the calculator
| Down payment | $2,450 |
|---|---|
| Loan amount | $68,732 |
| Principal and interest | $462 |
| Property taxes (1.29% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $598 |
Change the numbers in the calculator
Questions about home buying in Western
What is the median home value in Western?
About $70,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Western?
Homeowners pay a median $900 a year, which is about 1.29% 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 Western?
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 $20,620 a year.
More about Western
- Mortgage Refinance in Western
- Debt Relief in Western
- Home Equity Loans in Western
- 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