The story of this market
The typical home in ZIP 68640 sells for about $145,000, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 68640 — Genoa
The housing market in 68640 is characterized by low inventory and slow, steady price appreciation. Market activity remains limited due to the rural nature of the area, with demand primarily driven by local residents.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle with strong community ties and low cost of living.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 6.2 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 10.2% — 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 4.8%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68640, Nance County NE
Crime rates in Genoa are generally low, consistent with rural Nance County trends and significantly below national averages.
The area is served by Genoa-Public Schools, which maintains a small-town educational environment with moderate performance ratings.
The region faces moderate risk from severe thunderstorms and occasional flooding near the Loup River, with standard insurance coverage typically available.
Economic momentum is driven by local agriculture and small-scale manufacturing, with limited large-scale commercial development.
Property taxes are assessed by Nance County based on local mill levies that fund school districts, county services, and municipal operations.
Commutes are primarily local or involve travel to nearby regional hubs like Columbus, typically requiring 20-30 minutes by car.
Local amenities include the Genoa U.S. Indian School historic site, local parks, and proximity to the Loup River for outdoor activities.
The rental market is limited in depth, primarily consisting of single-family homes with low turnover and stable, modest rent growth.
The economy is heavily anchored by the agricultural sector, with support from local retail and public services.
Transportation is entirely car-dependent, with no public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently in the pipeline for this ZIP.
Nance County Assessor manages property valuations, typically reassessing based on market trends and state requirements.
Parcels are subject to Nance County levies, local school district taxes, and potential rural fire district assessments.
Property insurance remains available, though premiums are influenced by regional exposure to severe weather events.
Net domestic migration is stable with a slight trend toward rural retention.
Nebraska is a non-judicial foreclosure state, providing a structured process for lenders.
Sellers are required to provide a property condition disclosure statement covering major systems and known defects.
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.
A significant historical landmark and museum.
Provides local opportunities for fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.