The typical owner-occupied home in Macy is worth about $54,400, 77% below the Nebraska median of $238,600 and 84% below the national median of $332,700. The median household earns $42,500 a year, so the median home costs 1.3 times the median income (3.1 times for Nebraska). 13% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Macy at a glance
| Macy | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $54,400 | $238,600 | $332,700 |
| Median property tax paid per year | – | $3,549 | $3,119 |
| Median household income | $42,500 | $76,475 | $80,734 |
| Homes lived in by their owners | 13% | 67% | 65% |
| Owner homes with a mortgage | 0% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,736 | $1,963 |
| Median rent | $598 | $1,072 | $1,413 |
| Rent as a share of renters' income | 21.0% | 27.9% | 30.6% |
| Median year homes were built | 1977 | 1975 | 1980 |
| Vacant homes | 21.7% | 7.6% | 10.1% |
| Population | 637 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Macy
At this week's average 30-year rate of 7.11%, buying the median Macy home of $54,400 with 20% down costs about $365 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $456, 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 $15,655 for the 20%-down payment. That payment is 10% of the median Macy household income of $42,500; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $598 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $10,880 |
|---|---|
| Loan amount | $43,520 |
| Principal and interest | $293 |
| Property taxes (1.10% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $365 |
Change the numbers in the calculator
| Down payment | $1,904 |
|---|---|
| Loan amount | $53,415 |
| Principal and interest | $359 |
| Property taxes (1.10% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $24 |
| Total per month | $456 |
Change the numbers in the calculator
Questions about home buying in Macy
What is the median home value in Macy?
About $54,400 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 Macy?
For the median home with 20% down at 7.11%, the payment is about $365 a month. Keeping that under 28% of gross income takes about $15,655 a year.
More about Macy
- Mortgage Refinance in Macy
- Debt Relief in Macy
- Home Equity Loans in Macy
- 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