68504, Lincoln, NE

Home Equity and Home Prices in the 68504 Zip Code of Lincoln, NE

The 68504 zip code of Lincoln, NE has a median home value of $135,000 and a median home equity value of $107,000. These values are lower than the Nebraska median home value of $157,500 and the national median home equity value of $142,200. The 68504 zip code also has a lower than average homeownership rate at just 54%. This is likely due to the relatively low median home values and low homeownership rates in this zip code.

Despite these lower values, there are still many homes for sale in the 68504 zip code. There were 116 homes for sale in the last month as of August 2018. This is more than double the number of homes that were for sale one year ago (53). The average list price per square foot was $123 which is higher than both the Nebraska average list price per square foot ($106) and the national average list price per square foot ($104).

Despite having a high number of homes for sale and an above average list price per square foot, it appears that buyers are not purchasing many homes in this zip code. The number of days on market was 191 as of August 2018 which is significantly higher than both Nebraska’s average days on market (119) and national’s (146). It seems that buyers are struggling to find properties that meet their needs or they may be waiting for prices to drop further before making an offer on a property.