Quick facts: Maywood, NE

Quick Facts

94.7
Cost of Living
below US average
275
Population
18.18
Crime Rate per 1000
below US average
$45,250
Median Income
below US average
$94,500
Median House Price
above US average
$1313
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
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 $45,250.

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Income Needed to Buy

βœ“ Affordable
$30k/year
Based on $94,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($45,250) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $45,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Maywood, NE

Maywood is a small village located in southwestern Nebraska, nestled within frontier county. With a population of around 500 residents, this quaint community is characterized by its tight-knit atmosphere and friendly residents. The village covers an area of approximately 0.41 square miles and features a rural, picturesque landscape typical of the Great Plains region. Established in the late 19th century, Maywood has a rich history and offers a glimpse into small-town life in Nebraska. The local economy primarily revolves around agriculture, with farms and ranches surrounding the village, contributing to the agricultural heartland of the region. Maywood provides basic amenities including a post office, a few small businesses, and parks for residents to enjoy. The community is also served by the Maywood Public School, which offers education from elementary through high school. Outdoor enthusiasts can explore the nearby Sand Hills region, known for its unique topography and recreational opportunities. Maywood embodies the charm of rural Nebraska, making it a quiet and peaceful place to call home.

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