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Southwest

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

Median Home$156,995
Median Rent$783/month
Population2,000
Leading IndustriesTransportation · Construction · Agriculture & Mining7% transportation
Home Value Growth+8.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableAffordable Market$157k median home · lower cost than 81% of the country
Southwest
NE

Frequently Asked Questions

What are today's mortgage rates in Southwest?

As of today, the 30-year fixed mortgage rate for Southwest is approximately 7.043% (7.084% 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 Southwest?

The median home value in Southwest is $157k. The median monthly rent is $783. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southwest?

Home values in Southwest have increased 8.4% over the past two years. This represents moderate growth. 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 Southwest?

Based on a typical all-in ownership cost of $714/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southwest is $80k/year.

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What industries drive the economy in Southwest?

The largest employment sectors in Southwest are public administration (23%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.