68654, Polk, NE

The 68654 zip code of Polk, NE, has a median home value of $128,000 and a median home equity of $111,000. This is significantly lower than the national median home value of $217,500 and the Nebraska median home equity of $137,500. The primary reason for this disparity is likely due to the low population density in Polk. There are only 2.5 people per square mile in the 68654 zip code, compared to 3.1 people per square mile nationally and 2.8 people per square mile in Nebraska.

Another contributing factor to the low home values in Polk may be the high level of foreclosure activity in this area. In 2012 alone there were 24 foreclosure filings recorded in the 68654 zip code, which is more than double the national average of 11 filings per 100,000 residents and more than triple the Nebraska average of 7 filings per 100,000 residents. This indicates that there are a significant number of homes available for purchase but that they are not being purchased at a rate that would support higher home values.