How much is a home worth in ZIP code 68506?

The typical home in 68506 is worth $283,674, based on the Zillow Home Value Index.

Are home values rising in 68506?

Home values in 68506 are up 4.3% over the past year, and up 5.6% a year over five years.

What is the typical rent in 68506?

A typical home in 68506 rents for about $1,188 a month, a gross rental yield of 5.0%.

What is the property tax rate in 68506?

The effective property tax rate in 68506 is 1.4% — roughly $4,068 a year on a typical home.

ZIP code 68506 has a population of 27,531 and a median household income of $72,637.

HousingHandbookReference data

…

U.S. ZIP Code · NE68506

Lancaster County · Lincoln, NE

Typical home value

$283,674^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.3%
5-year / yr: +5.6%
10-year / yr: +6.0%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -18.6%
vs state: +22.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 68506 is worth $283,674 — 18.6% below the Lincoln, NE median. Over the past year, values have risen 4.3%. Homes here rent for a typical $1,188 a month — a 5.0% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,188^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.4%^[3]
Typical annual tax: $4,068^[3]

#Climate risk

FEMA National Risk Index ratings for Lancaster County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: No Rating
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Very High

#Who lives here

Population: 27,531^[3]
Median household income: $72,637^[3]

#Migration

Household moves in and out of Lancaster County over a year, from IRS tax-return data.

Net migration: -109^[5]
Moved in: 6,903
Moved out: 7,012

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 4
Middle: 3
High: 3

LINCOLN SOUTHEAST HIGH SCHOOL
High · Grades 9–12 · LINCOLN PUBLIC SCHOOLS
1,880 students
LUX MIDDLE SCHOOL
Middle · Grades 6–8 · LINCOLN PUBLIC SCHOOLS
808 students
ROUSSEAU ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
558 students
HOLMES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
387 students
MORLEY ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
364 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$14,259

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,434

Loan principal$226,939

Down payment$56,735

Total interest paid$289,448

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.69

Monthly cost to own$2,009

Monthly rent$1,188

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 40th percentile^[1]
Rental yield: 31st percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 68506?: The typical home in 68506 is worth $283,674, based on the Zillow Home Value Index.
Are home values rising in 68506?: Home values in 68506 are up 4.3% over the past year, and up 5.6% a year over five years.
What is the typical rent in 68506?: A typical home in 68506 rents for about $1,188 a month, a gross rental yield of 5.0%.
What is the property tax rate in 68506?: The effective property tax rate in 68506 is 1.4% — roughly $4,068 a year on a typical home.
Who lives in 68506?: ZIP code 68506 has a population of 27,531 and a median household income of $72,637.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

68313 vs 68506 →
Beaver Crossing, NE
Typical home
$281,613
Gross yield
—
68522 vs 68506 →
Lincoln, NE
Typical home
$279,533
Gross yield
4.8%
68521
Lincoln, NE
Typical home
$287,921
Gross yield
6.2%
68528
Lincoln, NE
Typical home
$290,049
Gross yield
6.8%
68419
Panama, NE
Typical home
$273,846
Gross yield
—
68314
Bee, NE
Typical home
$296,371
Gross yield
—

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#Jump to section

U.S. ZIP Code · NE68506

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