The story of this market
The typical home in ZIP 68505 sells for about $264,000, or $166 per square foot.
Prices are up +7.9% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,157 a month.
ZIP 68505 — Lincoln
The 68505 housing market is experiencing steady growth with a median sale price of $264,000, reflecting a 7.9% year-over-year increase. Demand remains competitive with a low median days on market of 16 days, though inventory levels are tight. The market is driven by consistent local employment and relative affordability compared to national averages.
This ZIP is well-suited for family buyers and commuters seeking a balance between affordability and proximity to Lincoln's employment core.
Median prices moved up 7.9% year over year.
Homes spend a median of 16 days on market with 3.0 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 7.2% — 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 6.1%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68505, Lancaster County NE
Schools serving the area are part of the Lincoln Public Schools district, which generally maintains stable performance ratings within the regional context.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind events; insurance premiums are influenced by regional hazard exposure.
Development is characterized by steady infill and residential expansion within the Lincoln metro area, supported by the city's diverse economy including education, government, and healthcare sectors.
Property taxes are assessed by Lancaster County based on market value; the rate structure includes levies for the city, county, and Lincoln Public Schools.
Residents typically have a straightforward commute to downtown Lincoln via major arterial roads and highway corridors.
The area features access to local neighborhood parks and is within a short drive of Lincoln's broader trail systems, golf courses, and retail centers.
The rental market shows moderate demand with consistent occupancy levels, though investors should account for local tenant stability trends.
The economy is anchored by the University of Nebraska-Lincoln, state government operations, and a growing healthcare and insurance sector.
The area is served by a grid of arterial roads with connectivity to I-80 and the broader Lincoln transit network.
Ongoing residential infill and minor commercial redevelopment projects are typical for this established suburban ZIP.
Lancaster County Assessor maintains annual property valuations based on market sales data.
Parcels are subject to Lincoln Public Schools district taxes and standard municipal utility service districts.
Property insurance market is stable but sensitive to regional weather-related claims, particularly wind and hail.
Data retrieved from data.census.gov ZCTA-level tables.
- Urban Air Trampoline and Adventure Park4.12.9 mi
- Lost In Fun!4.58 mi
- Round1 Bowling & Arcade - Lincoln3.91.2 mi
- Star City Shores4.35.1 mi
- Escape Lincoln4.85 mi
- Memorial Stadium4.84.7 mi
- Pinnacle Bank Arena4.65.1 mi
- Roca Berry Farm4.512.5 mi
- Sandhills Global Event Center4.32.1 mi
- Lied Center for Performing Arts4.84.7 mi
- Nebraska State Capitol4.74.5 mi
- Lincoln Children's Zoo4.73.8 mi
- Marcus Lincoln Grand Cinema4.54.7 mi
- Sun Valley Lanes & Games4.65.9 mi
- SouthPointe Pavilions4.46.6 mi
- Nebraska Wesleyan University4.72.1 mi
- Museum of American Speed4.95.8 mi
- Lincoln Children's Museum4.74.5 mi
- International Quilt Museum4.73 mi
- University of Nebraska State Museum - Morrill Hall4.74.5 mi
- Sunken Gardens4.83.9 mi
- Pioneers Park4.78.2 mi
- Pioneers Park Nature Center4.79.1 mi
- Wilderness Park4.66.9 mi
- Holmes Lake Park4.73.5 mi
- Branched Oak Marina4.516.5 mi
- Woodland Hills Golf Course4.511.6 mi
- The Lodge Restaurant at Wilderness Ridge4.48.2 mi
- Highlands Golf Course4.47.1 mi
- Pioneers Golf Course4.58.7 mi
- Mahoney Golf Course4.31.3 mi
- Gateway Mall4.21.2 mi
- Marshalls & HomeGoods4.47.7 mi
- Hy-Vee Grocery Store4.45.7 mi
- Hy-Vee Grocery Store4.41.9 mi
- T.J. Maxx4.21.9 mi
- Lincoln Airport4.27.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park serving the neighborhood.
Extensive network of biking and walking paths accessible from the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.