Market Overview
Home Prices in Callaway, NE
The median home value in Callaway, NE is $205,241 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Callaway are priced50% below average.
Price History
Callaway Home Price Trend
2022
$193,788
$194K
—
2023
$197,057
$197K
+1.7%
2024
$199,608
$200K
+1.3%
2025
$191,233
$191K
-4.2%
2026
$205,241
$205K
+7.3%
City Comparison
Callaway vs. National Median
🏠 Callaway
$205,241
National Median
$410,000
At $205,241, homes in Callaway cost 50% below the national median of $410,000. This makes Callaway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Callaway?
20% Down Payment
$41,048
on $205,241
Monthly P&I
$1,070/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,359/mo
incl. taxes & insurance
Income Needed
$54,360
gross annual (30% rule)
10% Down Option
$20,524
+ PMI applies
Loan Amount (20% dn)
$164,193
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Callaway, NE?
The median home value in Callaway is $205,241 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Callaway?
Over the past year, home values in Callaway have increased by 7.3%.
How much do I need to earn to buy a home in Callaway?
To comfortably afford the median home price of $205,241 with a 20% down payment ($41,048) at today's rates (6.8%), you'd need a gross annual income of approximately $54,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Callaway compare to the national average home price?
The national median home value is approximately $410,000. At $205,241, homes in Callaway are 50% below the national average.