Quick facts: Brainard, NE

Quick Facts

94.7
Cost of Living
below US average
351
Population
14.25
Crime Rate per 1000
below US average
$71,250
Median Income
below US average
$97,500
Median House Price
above US average
$1313
Average Rent
below US average
7%
Poverty Rate
below US average
2.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,250.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $97,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($71,250) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brainard, NE

Brainard is a small village located in the northeastern part of Nebraska, within Butler County. With a population of around 400 residents, it offers a tight-knit community atmosphere that emphasizes local traditions and friendly interactions. Established in the late 19th century, Brainard is known for its agricultural roots and charming rural setting. The village boasts a rich history, reflected in its well-preserved buildings and landmarks. Key attractions include the local parks, which provide space for outdoor activities and community events. Brainard also hosts several annual events that contribute to its small-town charm, drawing visitors from nearby areas. Residents enjoy a slower-paced lifestyle, with opportunities for fishing, hiking, and participating in community gatherings. The surrounding countryside is picturesque, characterized by rolling hills and farmland, making it ideal for those who appreciate nature and rural living. Overall, Brainard offers a peaceful escape from the hustle and bustle of larger cities, embodying the essence of small-town Nebraska.

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