68323, Burchard, NE

Burchard, Nebraska is located in the 68323 zip code. According to the 2010 census, the population of Burchard is 1,851 people. The median household income in Burchard is $41,711 and the median family income is $50,000. In Burchard, 68% of households have a mortgage and 31% of households have home equity. The average home value in Burchard is $126,000.

The average home equity in Burchard has increased by 16% since 2007. This increase can be attributed to a number of factors including an increase in home values statewide (up 8%), an increase in interest rates (up 5%), and an increase in the number of homes for sale (up 26%). Despite these increases, however, there has been a decrease (-4%)in the number of homes sold since 2007 due to high demand and low availability.

Home prices are significantly higher than they were 10 years ago. The average home value has increased by 116%, while the median household income has only increased by 50%. This discrepancy can be partially explained by changes in demographics - more families are purchasing homes than ever before due to strong job security and low interest rates - as well as changes in mortgage regulations that have made it easier for people to get mortgages even if they do not have perfect credit scores.

Despite this growth however, there are still many families who cannot afford to buy a home due to high prices or limited resources. Approximately one-third of all households living within the 68323 zip code are considered “housing cost burdened” which means that they spend more than 30%of their incomes on housing costs.

There are several ways that you can help support homeownership within this community: first and foremost, continue to invest in our local economy by purchasing goods and services locally; secondly support legislation that would make it easier for people to get mortgages; thirdly donate money or time towards organizations such as Habitat for Humanity or Home Depot who build homes for families who cannot afford them on their own; fourthly educate yourself about buying a home – there are many resources available online including podcasts like “The Big Picture with Thom Hartmann” which provide detailed information about buying a house – whether you’re looking for tips on how much house you should budget for or advice on negotiating with your lender).