Mortgage Calculator & Closing Costs: South Sioux City, NE
Mortgage payment estimates, closing cost breakdowns, and homebuying data for South Sioux City, Nebraska.
Median Home Price
$175K
Population
14K
Avg Monthly Rent
$780
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 South Sioux City.
South Sioux City vs Nebraska Median
The median home price in South Sioux City is $175,000, which is 29% below the Nebraska state median of $245,000.
Mortgage Calculator — South Sioux City, NE
Pre-filled with South Sioux City median home price and Nebraska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using Nebraska's 1.73% tax rate and $2,800/yr insurance.
5% Down
$1,633/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $252
Insurance: $233
PMI: $97
10% Down
$1,573/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $252
Insurance: $233
PMI: $92
20% Down (No PMI)
$1,371/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $252
Insurance: $233
Income needed (28% rule): $59K/year with 20% down, $67K/year with 10% down.
Rent vs Buy in South Sioux City
Rent
$780/mo
vs
Buy (10% down)
$1,573/mo
Price-to-rent ratio: 18.7 — A ratio between 15-20 means the rent vs buy decision in South Sioux City 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 South Sioux City is $175,000, 29% below the Nebraska state median of $245,000. With a population of 13,616, South Sioux City 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 $175,000 home in South Sioux City would carry roughly $252/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 South Sioux City is $780/month. The price-to-rent ratio in South Sioux City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
South Sioux City 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 South Sioux City.