The typical owner-occupied home in Carroll is worth about $93,000, 61% below the Nebraska median of $238,600 and 72% below the national median of $332,700. Owners pay a median $1,500 a year in property taxes, about 1.61% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $61,250 a year, so the median home costs 1.5 times the median income (3.1 times for Nebraska). 82% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Carroll at a glance
| Carroll | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $93,000 | $238,600 | $332,700 |
| Median property tax paid per year | $1,500 | $3,549 | $3,119 |
| Property tax as a share of value | 1.61% | 1.49% | 0.94% |
| Median household income | $61,250 | $76,475 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 51% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,109 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.5% | 21.0% |
| Median rent | $883 | $1,072 | $1,413 |
| Rent as a share of renters' income | 23.4% | 27.9% | 30.6% |
| Median year homes were built | 1949 | 1975 | 1980 |
| Vacant homes | 17.1% | 7.6% | 10.1% |
| Population | 286 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Carroll
At this week's average 30-year rate of 7.11%, buying the median Carroll home of $93,000 with 20% down costs about $664 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $819, 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 $28,458 for the 20%-down payment. That payment is 13% of the median Carroll household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $883 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,600 |
|---|---|
| Loan amount | $74,400 |
| Principal and interest | $500 |
| Property taxes (1.61% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $664 |
Change the numbers in the calculator
| Down payment | $3,255 |
|---|---|
| Loan amount | $91,316 |
| Principal and interest | $614 |
| Property taxes (1.61% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $819 |
Change the numbers in the calculator
Questions about home buying in Carroll
What is the median home value in Carroll?
About $93,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carroll?
Homeowners pay a median $1,500 a year, which is about 1.61% 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 Carroll?
For the median home with 20% down at 7.11%, the payment is about $664 a month. Keeping that under 28% of gross income takes about $28,458 a year.
More about Carroll
- Mortgage Refinance in Carroll
- Debt Relief in Carroll
- Home Equity Loans in Carroll
- 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