HousingHandbookReference data

U.S. ZIP Code · NE68701

Madison County

Typical home value

$260,463[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.2%
5-year / yr
+6.2%
10-year / yr
+6.0%

Relative price

vs U.S.
-8.3%
vs metro
vs state
+12.9%
ZIP 68701 location in NE
Location of ZIP 68701 in NE

Price history

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

The typical home in 68701 is worth $260,463. Over the past year, values have risen 5.2%. Homes here rent for a typical $1,185 a month — a 5.5% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent
$1,185[2]
Gross yield
5.5%[2]
Cap rate
3.3%[2]

#Property tax

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

Effective tax rate
1.3%[3]
Typical annual tax
$3,472[3]

#Climate risk

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

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
31,417[3]
Median household income
$62,633[3]

#Migration

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

Net migration
-72[5]
Moved in
921
Moved out
993

Schools

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

Public schools
12
Elementary
7
Middle
2
High
2
  • NORFOLK SENIOR HIGH SCHOOL

    High · Grades 9–12 · NORFOLK PUBLIC SCHOOLS

    1,359 students

  • NORFOLK JR HIGH SCHOOL

    Middle · Grades 7–8 · NORFOLK PUBLIC SCHOOLS

    644 students

  • NORFOLK MIDDLE SCHOOL

    Middle · Grades 5–6 · NORFOLK PUBLIC SCHOOLS

    609 students

  • BEL AIR ELEMENTARY SCHOOL

    Elementary · Grades PK–4 · NORFOLK PUBLIC SCHOOLS

    324 students

  • LITTLE PANTHERS PRESCHOOL

    Prekindergarten · Grades PK · NORFOLK PUBLIC SCHOOLS

    305 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.

Gross yield5.5%
Net yield (after ~40% expenses)3.3%
Annual rent$14,215

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.

Monthly payment$1,317
Loan principal$208,370
Down payment$52,093
Total interest paid$265,765

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.

Own : rent ratio1.54
Monthly cost to own$1,823
Monthly rent$1,185

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
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 68701?
The typical home in 68701 is worth $260,463, based on the Zillow Home Value Index.
Are home values rising in 68701?
Home values in 68701 are up 5.2% over the past year, and up 6.2% a year over five years.
What is the typical rent in 68701?
A typical home in 68701 rents for about $1,185 a month, a gross rental yield of 5.5%.
What is the property tax rate in 68701?
The effective property tax rate in 68701 is 1.3% — roughly $3,472 a year on a typical home.
Who lives in 68701?
ZIP code 68701 has a population of 31,417 and a median household income of $62,633.

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