The story of this market
The typical home in ZIP 68724 sells for about $205,278, or $108 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 142 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $635 a month.
ZIP 68724 — Butte
The housing market in 68724 is characterized by low inventory and very limited sales activity, typical of a small, stable rural community. Prices have seen modest appreciation over the last decade, driven by low supply rather than high demand. There are no major developments or economic shifts currently impacting the area.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including agricultural workers and retirees who prioritize affordability and space over proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 142 days on market with 8.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 17.9% · poverty 39.4% — elevated distress and economic pressure.
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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68724, Knox County NE
Crime rates in this rural Knox County area are significantly lower than the national average, with property and violent crime incidents being rare.
Public education is provided by local rural districts, which generally maintain small class sizes but face challenges with limited extracurricular offerings due to low enrollment.
The area is primarily at risk for severe thunderstorms, high winds, and occasional flooding near local creek beds; wildfire risk is moderate during dry summer months.
Economic momentum is limited, with the area primarily supported by agricultural operations and small-scale local services; there are no major corporate developments or infrastructure expansions currently underway.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nebraska) — Nebraska Homestead Exemption: Provides a reduction or exemption of property taxes on the primary residence (homestead) of qualified individuals. The specific exemption amount is determined by income brackets and disability status as defined in state statutes. State (Nebraska) — Nebraska Real Property Tax Assessment: Real property is assessed at or near 100% of actual value, except for agricultural and horticultural land, which is assessed at 75% of actual value. Agricultural land is assessed at 50% of actual value for school bond tax purposes.
Commuting is entirely car-dependent, with residents typically driving to nearby towns like Creighton or Norfolk for employment and essential services.
Recreational opportunities are centered on outdoor activities, including local parks, hunting, and fishing, with limited commercial shopping or dining options within a 3-mile radius.
The rental market is very thin with low turnover, primarily serving local workers and agricultural staff; there is negligible short-term rental presence.
The economy is heavily reliant on the agricultural sector, including crop production and livestock, with limited diversification into small retail and local government services.
Transportation infrastructure consists of rural state highways; there is no public transit system available.
There are no major approved or under-construction developments reported for this rural ZIP code.
The Knox County Assessor manages property valuations, utilizing a mass appraisal system to determine market value for tax purposes.
Parcels are subject to standard county and school district taxes; no specialized utility or hospital districts are noted.
Property insurance premiums are stable but reflect the regional risk of severe weather, including hail and wind damage common in the Great Plains.
Nebraska has experienced modest net domestic migration gains, though rural Knox County has seen long-term population stagnation.
Nebraska is a non-judicial foreclosure state, allowing for a streamlined process through a trustee's sale.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known defects.
Data retrieved from US Census Bureau ZCTA 68724 profiles.
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.
- Niobrara State Park4.611.3 mi
- Niobrara State Park4.611.3 mi
- Tatanka Golf Club4.76.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Hosts annual community events and agricultural exhibitions.
Provides local fishing and outdoor recreation access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.