68351, Exeter, NE

The 68351 zip code of Exeter, Nebraska is located in the northwest corner of the state. The zip code covers a total area of 9.2 square miles and has a population of 10,898 as of the 2010 census. Home prices in this zip code have increased significantly over the past several years, reaching an all-time high in 2016.

According to Zillow, home prices in the 68351 zip code have increased by an average of 84% since 2011. In 2016, home prices reached an all-time high of $269,000. This increase has been driven by strong demand and limited supply in the area. The average list price for homes in this zip code is now above $300,000 which indicates that there is a lot of competition for properties available.

One reason why home prices have increased so much in this area is because there are few available properties for sale. According to Trulia, there are only 1% more listings than at this time last year and only 2% more listings than at this time five years ago. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a premium for properties here.

Another factor contributing to the increase in home prices in the 68351 zip code is low interest rates. As interest rates have fallen over the past few years, it has made it more affordable for people to borrow money to buy a home. Low interest rates also make it easier for people to refinance their current homes into higher value homes if they decide they want to sell later on down the road.

Overall, it appears that there are many reasons why home prices have increased so much in the 68351 zip code over recent years: strong demand from buyers coupled with limited availability of properties makes these areas very desirable places to live and invest money into property values