Quick facts: Chapman, NE

Quick Facts

94.7
Cost of Living
below US average
261
Population
Crime rate Data is updating, will be available soon
$62,375
Median Income
below US average
$125,000
Median House Price
above US average
$1313
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $62,375.

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Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,375) 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 ($62,375) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chapman, NE

Chapman is a small village located in Merrick County, Nebraska. With a population of around 1,000 residents, Chapman offers a tight-knit community atmosphere that embodies the charm of rural living. The village is situated just north of the Platte River, providing a scenic backdrop and outdoor recreational opportunities. Local attractions include the historic downtown area, where you can find small businesses and community events that foster a sense of belonging among residents. The village is primarily agricultural, with surrounding farmlands contributing to its economy. Chapman is also known for its annual events, such as festivals and local gatherings, which highlight the community spirit. With its friendly atmosphere, affordable housing, and access to nature, Chapman serves as a peaceful retreat away from the hustle and bustle of larger cities nearby, making it an ideal place for families and individuals seeking tranquility in Nebraska's heartland.

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