HousingHandbookReference data

U.S. ZIP Code · NE68883

Hall County · Grand Island, NE

Typical home value

$259,937[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.9%
5-year / yr
+4.8%
10-year / yr
+5.4%

Relative price

vs U.S.
-8.5%
vs metro
-6.3%
vs state
+12.7%
ZIP 68883 location in NE
Location of ZIP 68883 in NE

Price history

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

The typical home in 68883 is worth $259,937 — 6.3% below the Grand Island, NE median. Over the past year, values have risen 0.9%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.3%[3]
Typical annual tax
$3,318[3]

#Climate risk

FEMA National Risk Index ratings for Hall 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
Very Low
Drought
Relatively High
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
2,483[3]
Median household income
$90,966[3]

#Migration

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

Net migration
-248[5]
Moved in
1,371
Moved out
1,619

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • WOOD RIVER ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · WOOD RIVER RURAL SCHOOLS

    220 students

  • WOOD RIVER RURAL HIGH SCHOOL

    High · Grades 9–12 · WOOD RIVER RURAL SCHOOLS

    161 students

  • WOOD RIVER RURAL MIDDLE SCHOOL

    Middle · Grades 6–8 · WOOD RIVER RURAL SCHOOLS

    109 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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,314
Loan principal$207,949
Down payment$51,987
Total interest paid$265,228

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 ratio
Monthly cost to own$1,808
Monthly rent

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
13th percentile[1]
Rental yield
[2]
Property tax
81st percentile[3]

Frequently asked

How much is a home worth in ZIP code 68883?
The typical home in 68883 is worth $259,937, based on the Zillow Home Value Index.
Are home values rising in 68883?
Home values in 68883 are up 0.9% over the past year, and up 4.8% a year over five years.
What is the property tax rate in 68883?
The effective property tax rate in 68883 is 1.3% — roughly $3,318 a year on a typical home.
Who lives in 68883?
ZIP code 68883 has a population of 2,483 and a median household income of $90,966.

#Comparable ZIPs

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

  • St. Paul, NE

    Typical home
    $256,247
    Gross yield
  • Alda, NE

    Typical home
    $243,217
    Gross yield
  • Howard City (Boelus), NE

    Typical home
    $277,480
    Gross yield
  • Palmer, NE

    Typical home
    $279,179
    Gross yield
  • Grand Island, NE

    Typical home
    $285,010
    Gross yield
    5.3%
  • Farwell, NE

    Typical home
    $231,978
    Gross yield

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