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Burwell

Learn about the people, housing, costs and businesses in Burwell, Nebraska

Median Home$167,816
Median Rent$737/month
Population9,127
Leading IndustriesFinance & Insurance · Information & Media · Construction9% finance & insurance
Home Value Growth⬆⬆+12.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners73% of occupied units
NotableAffordable Market$168k median home · lower cost than 75% of the country
NotableVeteran Community8% of residents · top 27% nationally
Burwell
NE

Frequently Asked Questions

What are today's mortgage rates in Burwell?

As of today, the 30-year fixed mortgage rate for Burwell is approximately 7.007% (7.050% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Burwell?

The median home value in Burwell is $168k. The median monthly rent is $737. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burwell?

Home values in Burwell have increased 12.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Burwell?

Based on a typical all-in ownership cost of $831/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burwell is $64k/year.

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What industries drive the economy in Burwell?

The largest employment sectors in Burwell are public administration (18%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.