Quick facts: Malmo, NE

Quick Facts

94.7
Cost of Living
below US average
96
Population
125.0
Crime Rate per 1000
above US average
$72,500
Median Income
below US average
$225,000
Median House Price
above US average
$1313
Average Rent
below US average
Poverty rate Data is updating, will be available soon
3.2%
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 $72,500.

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Income Needed to Buy

βœ“ Affordable
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($72,500) 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 ($72,500) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Malmo, NE

MalmΓΆ, Nebraska, is a small village located in the northeastern part of the state. With a close-knit community and a rural atmosphere, MalmΓΆ offers a peaceful lifestyle away from the hustle and bustle of larger cities. Established in the late 19th century, the village reflects a rich agricultural heritage and maintains a primarily residential character. MalmΓΆ is situated in the vicinity of larger towns, providing residents access to essential amenities while allowing them to enjoy the tranquility of small-town living. The surrounding landscape features picturesque farmland and open spaces, perfect for outdoor activities and a quiet retreat. Being part of the larger Hall County, residents have access to regional facilities and services, including schools, healthcare, and recreational opportunities. The community hosts various local events, fostering connections among its residents and celebrating the village’s heritage. Overall, MalmΓΆ, NE, embodies the charm and simplicity of rural life while being conveniently located near larger urban centers for those seeking a balance between peace and access to city conveniences.

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