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Callaway

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

Median Home$163,800
Median Rent$750/month
Population582
Leading IndustriesArts, Food & Hospitality · Healthcare · Education12% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners69% of occupied units
NotableHighly Educated30% bachelor's · 14% graduate · top 9% nationally
NotableAffordable Market$164k median home · lower cost than 68% of the country
Callaway
NE

Frequently Asked Questions

What are today's mortgage rates in Callaway?

As of today, the 30-year fixed mortgage rate for Callaway is approximately 6.961% (6.999% 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 Callaway?

The median home value in Callaway is $164k. The median monthly rent is $750. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Callaway?

Home values in Callaway have increased 21.3% 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 Callaway?

Based on a typical all-in ownership cost of $875/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Callaway is $72k/year.

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What industries drive the economy in Callaway?

The largest employment sectors in Callaway are public administration (22%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.