How much is a home worth in ZIP code 68507?

The typical home in 68507 is worth $251,451, based on the Zillow Home Value Index.

Are home values rising in 68507?

Home values in 68507 are up 3.2% over the past year, and up 5.8% a year over five years.

What is the typical rent in 68507?

A typical home in 68507 rents for about $1,693 a month, a gross rental yield of 8.1%.

What is the property tax rate in 68507?

The effective property tax rate in 68507 is 1.4% — roughly $3,569 a year on a typical home.

ZIP code 68507 has a population of 16,029 and a median household income of $69,488.

HousingHandbookReference data

…

U.S. ZIP Code · NE68507

Lancaster County · Lincoln, NE

Typical home value

$251,451^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +5.8%
10-year / yr: +6.3%

Relative price

vs U.S.: -11.5%
vs metro: -27.9%
vs state: +9.0%

Price history

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

The typical home in 68507 is worth $251,451 — 27.9% below the Lincoln, NE median. Over the past year, values have risen 3.2%. Homes here rent for a typical $1,693 a month — a 8.1% 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: $1,693^[2]
Gross yield: 8.1%^[2]
Cap rate: 4.8%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $3,569^[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: 16,029^[3]
Median household income: $69,488^[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: 8
Elementary: 3
Middle: 1
High: 3

LINCOLN NORTHEAST HIGH SCHOOL
High · Grades 9–12 · LINCOLN PUBLIC SCHOOLS
1,769 students
MICKLE MIDDLE SCHOOL
Middle · Grades 6–8 · LINCOLN PUBLIC SCHOOLS
702 students
KAHOA ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
436 students
PERSHING ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
436 students
NORWOOD PARK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LINCOLN PUBLIC SCHOOLS
254 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 yield8.1%

Net yield (after ~40% expenses)4.8%

Annual rent$20,319

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$1,271

Loan principal$201,161

Down payment$50,290

Total interest paid$256,570

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 ratio1.05

Monthly cost to own$1,779

Monthly rent$1,693

Owning and renting are roughly even.

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: 65th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 65th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for highest rental yield in NEView list →

Frequently asked

How much is a home worth in ZIP code 68507?: The typical home in 68507 is worth $251,451, based on the Zillow Home Value Index.
Are home values rising in 68507?: Home values in 68507 are up 3.2% over the past year, and up 5.8% a year over five years.
What is the typical rent in 68507?: A typical home in 68507 rents for about $1,693 a month, a gross rental yield of 8.1%.
What is the property tax rate in 68507?: The effective property tax rate in 68507 is 1.4% — roughly $3,569 a year on a typical home.
Who lives in 68507?: ZIP code 68507 has a population of 16,029 and a median household income of $69,488.

#Comparable ZIPs

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

68456 vs 68507 →
Utica, NE
Typical home
$250,019
Gross yield
—
68510 vs 68507 →
Lincoln, NE
Typical home
$256,947
Gross yield
5.1%
68524
Lincoln, NE
Typical home
$260,019
Gross yield
—
68439
Staplehurst, NE
Typical home
$242,661
Gross yield
—
68502
Lincoln, NE
Typical home
$239,261
Gross yield
4.8%
68505
Lincoln, NE
Typical home
$264,253
Gross yield
6.4%

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Pit ZIP 68507 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NE68507

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