The story of this market
The typical home in ZIP 68402 sells for about $147,225, or $94 per square foot.
Prices are down 15.9% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $915 a month.
ZIP 68402 — Malcolm
The housing market in ZIP 68402 is currently balanced, with a median sale price of $147,225 and a moderate inventory level. Prices have seen a year-over-year decline of 15.9%, reflecting a cooling trend compared to previous years. Market conditions remain stable for both buyers and sellers, with homes spending an average of 53 days on the market.
This ZIP code is well-suited for families and long-term residents seeking an affordable cost of living and a stable, small-town community environment.
Median prices moved down 15.9% year over year.
Homes spend a median of 53 days on market with 2.6 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 6.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68402, Nebraska
Crime rates in Lincoln are generally consistent with regional averages for similar-sized Midwestern cities, with property crime being the primary reported concern.
Public schools in the area are managed by the local district, which maintains a stable rating profile consistent with state averages.
The area faces moderate risk from severe weather events, including thunderstorms and occasional high winds, with standard insurance coverage typically available.
Economic momentum is driven by local manufacturing, healthcare, and educational institutions, with steady but modest infrastructure investment.
Property taxes are assessed at the county level based on fair market value, with rates determined by local school district and municipal levies.
Commute times are generally short, with most residents driving to local employment centers within the city or nearby regional hubs.
The area features several local parks, community sports facilities, and proximity to regional outdoor recreation areas.
The rental market is characterized by moderate demand and limited supply, with rents remaining relatively affordable compared to larger metropolitan areas.
The economy is anchored by healthcare, education, and manufacturing sectors, providing a stable employment base for the region.
Transportation is primarily automobile-dependent, with access to major regional highway corridors.
Development is focused on infill projects and maintaining existing residential infrastructure.
The county appraisal district conducts annual assessments to determine property values for tax purposes.
Parcels are subject to local school district, municipal, and county tax levies.
Property insurance remains available, though premiums are influenced by regional weather patterns.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Urban Air Trampoline and Adventure Park4.114.5 mi
- Lost In Fun!4.514.4 mi
- Round1 Bowling & Arcade - Lincoln3.912.9 mi
- Star City Shores4.312.8 mi
- Escape Lincoln4.89.6 mi
- Memorial Stadium4.89.5 mi
- Pinnacle Bank Arena4.69.3 mi
- Sandhills Global Event Center4.313.5 mi
- Roca Berry Farm4.519.6 mi
- Lied Center for Performing Arts4.89.7 mi
- Nebraska State Capitol4.710.2 mi
- Lincoln Children's Zoo4.711.3 mi
- Marcus Lincoln Grand Cinema4.59.7 mi
- Sun Valley Lanes & Games4.68.7 mi
- Branched Oak State Recreation Area4.65.7 mi
- Nebraska Wesleyan University4.711.5 mi
- Museum of American Speed4.98.7 mi
- Lincoln Children's Museum4.79.9 mi
- International Quilt Museum4.710.7 mi
- University of Nebraska State Museum - Morrill Hall4.79.7 mi
- Sunken Gardens4.811.1 mi
- Branched Oak State Recreation Area4.65.7 mi
- Pioneers Park4.79.6 mi
- Pioneers Park Nature Center4.79.4 mi
- Wilderness Park4.611.6 mi
- Branched Oak Marina4.55.7 mi
- Highlands Golf Course4.46.4 mi
- Pioneers Golf Course4.59.1 mi
- Jim Ager Golf Course4.612.2 mi
- Gateway Mall4.212.8 mi
- Hy-Vee Grocery Store4.412.1 mi
- T.J. Maxx4.212 mi
- Hy-Vee Grocery Store4.49.6 mi
- Ross Dress for Less3.412.8 mi
- Lincoln Airport4.26 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides various recreational facilities and community programming.
Historic district featuring local shops and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.