Omaha, NE variant. This is a Omaha, NE-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Omaha's $270,000 median home and 1.92% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Omaha
On the $270,000 median home with 20% down ($54,000), you'd finance $216,000. At 6.5% over 30 years, P&I ≈ $1,365/month.
Add Omaha's 1.92% property tax (≈ $432/month) plus insurance for the all-in payment.
About Omaha, NE
Omaha applies Nebraska state income and sales taxes, with a moderate overall burden.
Omaha offers affordable home prices relative to most large US cities.
Omaha is a center for insurance and finance and is home to several major corporations, with a cost of living below the national average.
Worked example: $270,000 Omaha home
Loan $216,000 at 6.5% for 30 years → $1,365/mo P&I. Property tax ≈ $432/mo. Total before insurance ≈ $1,797/mo.
Quick reference
- Median home value: $270,000
- Median rent: $1,300/mo
- Median household income: $71,373
- Local sales tax: 7%
- Effective property tax rate: 1.92%
- Cost of living index: 88 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Omaha?
About $1,365/month P&I on the $270,000 median home with 20% down at 6.5%.
What is the property tax rate in Omaha?
About 1.92% of home value per year.