The story of this market
The typical home in ZIP 68516 sells for about $417,000, or $185 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,261 a month.
ZIP 68516 — Lincoln
The 68516 housing market remains robust, characterized by low inventory and steady price appreciation. High demand from families and professionals, coupled with limited supply, continues to drive competitive bidding and short days on market.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to high-quality schools, parks, and a relatively short commute to Lincoln's employment hubs.
Median prices moved up 3.1% year over year.
Homes spend a median of 12 days on market with 3.8 months of supply — a fast-moving market.
22% 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 2.3% · poverty 6.7% — 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 5.7%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 68516, Lancaster County NE
Crime rates in the 68516 area are generally lower than the Lincoln city average, with the neighborhood characterized as a quiet, suburban residential zone.
Schools serving the 68516 ZIP code are part of the Lincoln Public Schools district and are generally well-regarded, with several elementary and middle schools receiving high performance ratings.
The area faces standard Midwestern climate risks, including severe thunderstorms and occasional tornado activity; flood risk is generally low due to the inland, elevated topography.
Economic momentum is driven by proximity to Lincoln's major employers in education, government, and healthcare, with steady residential development in the southern expansion corridor.
Property taxes are assessed by Lancaster County based on market value; the rate includes levies for Lincoln Public Schools, the city of Lincoln, and county services.
Residents typically commute by car to downtown Lincoln or the University of Nebraska-Lincoln campus, with average commute times around 19 minutes.
The area features numerous neighborhood parks, proximity to the Pioneers Park Nature Center, and access to local golf courses and shopping centers along the 27th and 56th street corridors.
The rental market is stable with moderate vacancy pressure; demand is supported by families and professionals seeking suburban amenities, with limited short-term rental saturation.
The economy is anchored by the University of Nebraska-Lincoln, state government, and a growing healthcare sector, providing a stable employment base.
The area is primarily car-dependent, with major arterial roads providing access to the city center and highway connections.
Development is focused on southern residential expansion and infrastructure upgrades to support population growth.
Lancaster County Assessor performs annual market-based valuations for all residential properties.
Parcels are served by Lincoln Public Schools and various municipal utility districts for water and sewer services.
Property insurance premiums are moderate, reflecting the region's exposure to severe weather events like hail and wind.
Nebraska continues to see modest net domestic migration gains, particularly in the Lincoln and Omaha metro areas.
Nebraska is a non-judicial foreclosure state, with a standard notice and sale process.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from Census Reporter and data.census.gov.
- Urban Air Trampoline and Adventure Park4.13.1 mi
- Lost In Fun!4.52.8 mi
- Round1 Bowling & Arcade - Lincoln3.95.1 mi
- Star City Shores4.32.4 mi
- Escape Lincoln4.85.9 mi
- Memorial Stadium4.86.2 mi
- Pinnacle Bank Arena4.66.2 mi
- Roca Berry Farm4.56.5 mi
- Sandhills Global Event Center4.38.1 mi
- Lied Center for Performing Arts4.85.9 mi
- Nebraska State Capitol4.75.3 mi
- Lincoln Children's Zoo4.74.3 mi
- Marcus Lincoln Grand Cinema4.55.8 mi
- Sun Valley Lanes & Games4.66.6 mi
- SouthPointe Pavilions4.41.6 mi
- Nebraska Wesleyan University4.76.7 mi
- Museum of American Speed4.96.7 mi
- Lincoln Children's Museum4.75.7 mi
- International Quilt Museum4.76.1 mi
- University of Nebraska State Museum - Morrill Hall4.76.1 mi
- Sunken Gardens4.84.5 mi
- Pioneers Park4.76.4 mi
- Pioneers Park Nature Center4.77.1 mi
- Wilderness Park4.64.1 mi
- Holmes Lake Park4.72.5 mi
- Branched Oak Marina4.519.6 mi
- Woodland Hills Golf Course4.512.1 mi
- The Lodge Restaurant at Wilderness Ridge4.42.8 mi
- Highlands Golf Course4.49.8 mi
- Pioneers Golf Course4.57 mi
- Mahoney Golf Course4.37.2 mi
- Gateway Mall4.25.1 mi
- Marshalls & HomeGoods4.42 mi
- Hy-Vee Grocery Store4.41.2 mi
- Hy-Vee Grocery Store4.45 mi
- T.J. Maxx4.25.3 mi
- Lincoln Airport4.29.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large nature preserve with trails and wildlife.
Popular lake for fishing, walking, and recreation.
Major open-air shopping and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.