68847, Kearney, NE

Home Equity and Home Prices in the 68847 Zip Code of Kearney, NE

The home equity and home prices in the 68847 zip code of Kearney, NE are very high. The median home value in this zip code is $269,000, which is more than triple the median home value of $81,500 for all of Nebraska. The average home value in this zip code is even higher at $291,000. This means that most homes in this zip code are worth a lot more than what people typically pay for homes elsewhere in Nebraska.

One reason why the homes in this zip code are so valuable is that there are a lot of wealthy people living here. The percentage of households earning over $200,000 per year is much higher here than it is statewide or nationally. This means that there are a lot of people who can afford to buy expensive homes and invest their money into them. Additionally, many people who live here own their homes outright rather than renting them which also contributes to the high values of these properties.

Despite the high values of homes in this zip code, it's not always easy to buy or sell one here. The market can be very volatile and unpredictable which can make it difficult for buyers or sellers to get what they want from a transaction. Additionally, there may be a lot of competition for properties due to their high values so buyers may have to offer more money than they would otherwise be willing to do if they want to purchase or sell a property within this zip code.