Mortgage payment estimates, closing cost breakdowns, and homebuying data for Beatrice, Nebraska.
Median Home Price
$155K
Population
12K
Avg Monthly Rent
$720
Property Tax Rate
1.73% *
* Property tax shown is the Nebraska state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Beatrice.
Beatrice vs Nebraska Median
The median home price in Beatrice is $155,000, which is 37% below the Nebraska state median of $245,000.
Mortgage Calculator — Beatrice, NE
Pre-filled with Beatrice median home price and Nebraska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Nebraska's 1.73% tax rate and $2,800/yr insurance.
5% Down
$1,473/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $223
Insurance: $233
PMI: $86
10% Down
$1,420/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $223
Insurance: $233
PMI: $81
20% Down (No PMI)
$1,241/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $223
Insurance: $233
Income needed (28% rule): $53K/year with 20% down, $61K/year with 10% down.
Rent vs Buy in Beatrice
Rent
$720/mo
vs
Buy (10% down)
$1,420/mo
Price-to-rent ratio: 17.9 — A ratio between 15-20 means the rent vs buy decision in Beatrice depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Beatrice is $155,000, 37% below the Nebraska state median of $245,000. With a population of 12,282, Beatrice is a smaller market where home prices tend to be more accessible than in many parts of Nebraska.
Property taxes in Nebraska average 1.73% annually. This higher-than-average tax rate means a $155,000 home in Beatrice would carry roughly $223/month in property taxes alone — plan accordingly. Homeowners insurance in Nebraska runs approximately $2,800 per year. This is within the normal range nationally.
Average rent in Beatrice is $720/month. The price-to-rent ratio in Beatrice is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Beatrice offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Nebraska's NIFA Homebuyer Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Beatrice.