68937, Elwood, NE

Home Equity in the 68937 Zip Code of Elwood, NE

According to the Zillow Home Value Index, the median home value in the 68937 zip code of Elwood, NE is $151,000. This means that approximately 38% of all homes in this zip code are worth more than $151,000. Additionally, according to Trulia’s recent report on Nebraska home values, the average list price for homes in this zip code is $164,900. This means that home prices in this area are significantly higher than the national average.

There are a number of reasons why home prices in this area are so high. First and foremost, Elwood is located within a desirable area of Omaha. Second, there is a large number of families who want to live here because it has a great school system and plenty of amenities. Finally, there is an abundance of jobs available within commuting distance.

Despite these factors contributing to high home values in this zip code, it's important to keep in mind that they aren't immune from fluctuations. For example, during the housing market crash of 2008-2009 (which was nationwide), prices dropped significantly throughout most parts of America. However, while they may have decreased temporarily during that time period (and even now), prices have since rebounded and continue to rise steadily year after year. So while you should definitely be prepared for potential price drops if you're looking to buy or sell a home here (just like anywhere else!), don't let fear stop you from making an offer on your dream property!