The story of this market
The typical home in ZIP 68368 sells for about $350,000, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $988 a month.
ZIP 68368 — Hallam
The housing market in 68368 remains stable with low inventory and steady demand from buyers seeking a rural lifestyle near Lincoln. Prices have seen modest year-over-year growth, supported by the area's strong school district and proximity to the city. Market conditions are currently balanced, with limited new construction keeping supply tight.
This ZIP is ideal for families and individuals seeking a quiet, rural lifestyle with the convenience of being within commuting distance of Lincoln's employment and service hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 4.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 2.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 68368, Lancaster County NE
Crime rates in the Hallam area are generally low, consistent with rural Lancaster County trends and significantly below the regional urban averages found in nearby Lincoln.
The area is served by the Norris School District, which is highly regarded for its academic performance and community-focused educational environment.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity; flood risk is generally low outside of specific creek-adjacent zones.
Growth is characterized by steady, low-density residential development with strong economic ties to the nearby Lincoln employment core and regional agricultural industry.
Property taxes are assessed by Lancaster County based on market value, with rates determined by the combined levies of the county, school district, and local municipal entities.
Residents primarily commute by car to Lincoln, typically a 20-25 minute drive via US-77, with limited public transit options available.
Local recreation centers on small community parks and proximity to rural open spaces, with major shopping and entertainment amenities located within a short drive in Lincoln.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal short-term rental presence.
The economy is largely driven by the agricultural sector and proximity to the diverse employment base of Lincoln, including government, education, and healthcare.
Transportation is heavily reliant on private vehicles, with US-77 serving as the primary arterial corridor connecting the area to the broader regional network.
Development is primarily focused on infill residential projects and maintaining the rural character of the village.
The Lancaster County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to levies from the Norris School District, Lancaster County, and local fire/emergency service districts.
Property insurance premiums are influenced by regional severe weather exposure, with standard coverage widely available through major carriers.
Data retrieved from data.census.gov ZCTA 68368 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community park providing green space and recreational facilities.
Serves as a community anchor for local events and youth sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.