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Buying a home in Hubbell, Nebraska

The typical owner-occupied home in Hubbell is worth about $41,700, 83% below the Nebraska median of $238,600 and 87% below the national median of $332,700. 91% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.

Hubbell at a glance

Hubbell Nebraska U.S.
Median home value $41,700 $238,600 $332,700
Median property tax paid per year – $3,549 $3,119
Median household income – $76,475 $80,734
Homes lived in by their owners 91% 67% 65%
Owner homes with a mortgage 31% 58% 61%
Median monthly costs, owners with a mortgage $900 $1,736 $1,963
Those costs as a share of the owners' income 10.0% 19.5% 21.0%
Median rent – $1,072 $1,413
Median year homes were built 1938 1975 1980
Vacant homes 10.3% 7.6% 10.1%
Population 61 1,978,707 334,922,499

What a typical home costs per month in Hubbell

At this week's average 30-year rate of 7.11%, buying the median Hubbell home of $41,700 with 20% down costs about $280 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $349, 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 $12,000 for the 20%-down payment.

20% down, 30-year conventional loan
Down payment$8,340
Loan amount$33,360
Principal and interest$224
Property taxes (1.10% a year)$38
Homeowners insurance (our estimate, 0.5% a year)$17
PMI$0
Total per month$280

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3.5% down, 30-year FHA loan
Down payment$1,460
Loan amount$40,945
Principal and interest$275
Property taxes (1.10% a year)$38
Homeowners insurance (our estimate, 0.5% a year)$17
FHA mortgage insurance$18
Total per month$349

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Questions about home buying in Hubbell

What is the median home value in Hubbell?

About $41,700 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 Hubbell?

For the median home with 20% down at 7.11%, the payment is about $280 a month. Keeping that under 28% of gross income takes about $12,000 a year.

More about Hubbell

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