The story of this market
The typical home in ZIP 68405 sells for about $291,000, or $128 per square foot.
Prices are up +3.2% 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 $890 a month.
ZIP 68405 — Milford
The 68405 housing market remains stable with low inventory and consistent demand from local buyers. Prices have seen modest year-over-year growth, supported by the area's affordability relative to the Lincoln metro core. Market conditions are currently balanced, with homes selling near list price.
This ZIP is well-suited for families and commuters seeking a quieter, small-town lifestyle within a reasonable driving distance of Lincoln's major employers.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
12% 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 4.2% · poverty 6.6% — 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 7.8%/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 7.8%/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 68405, Seward County NE
Crime rates in the Milford/68405 area remain low compared to the broader Lincoln metropolitan region, with property crime being the primary reported concern.
The area is served by the Milford Public Schools district, which is generally characterized by stable performance and small class sizes typical of rural-adjacent Nebraska communities.
The region faces moderate risk from severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near the Blue River.
Economic momentum is driven by proximity to Lincoln's employment core and local agricultural support services, with steady but limited residential development.
Property taxes are assessed by Seward County based on market value, with rates influenced by local school district levies and municipal requirements.
Commuters typically drive approximately 20-25 minutes to reach the Lincoln employment core via US-6 or I-80.
Local amenities include proximity to the Blue River for fishing, several community parks, and basic shopping/dining options within the Milford town center.
The rental market is characterized by low inventory and high demand from local workers and students, with limited turnover and stable rent growth.
The local economy is anchored by agricultural services, small-scale manufacturing, and the nearby Lincoln labor market.
Transportation is primarily automobile-dependent, with US-6 serving as the main arterial corridor connecting to Lincoln.
Development is focused on small-scale residential infill and maintenance of existing municipal infrastructure.
Seward County Assessor maintains annual property valuations based on market sales data and physical inspections.
Parcels are subject to Seward County, Milford Public Schools, and local fire/utility district levies.
Property insurance premiums are stable but reflect regional exposure to severe weather and wind-related claims.
Data retrieved from data.census.gov ZCTA 68405 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.
- Lost In Fun!4.519.8 mi
- Escape Lincoln4.819.3 mi
- Entrap Escape Rooms4.919.1 mi
- Smashinit402518.4 mi
- Memorial Stadium4.819.6 mi
- Pinnacle Bank Arena4.619.2 mi
- Lied Center for Performing Arts4.819.5 mi
- The Green Gateau4.519.4 mi
- Pinewood Bowl Theater4.716.3 mi
- Junto Wine4.89.8 mi
- Spring Creek Prairie Audubon Center4.812.3 mi
- Plum Creek Park4.511.3 mi
- World's Largest Time Capsule410.7 mi
- Nebraska National Guard Museum4.810.2 mi
- Museum of American Speed4.918.5 mi
- Lincoln Children's Museum4.719.7 mi
- University of Nebraska State Museum - Morrill Hall4.719.7 mi
- Sheldon Museum of Art4.619.6 mi
- Robber’s Cave Tours4.919.1 mi
- Pawnee State Recreation Area4.511.9 mi
- Spring Creek Prairie Audubon Center4.812.3 mi
- Plum Creek Park4.511.3 mi
- Branched Oak Marina4.518.7 mi
- Sid Dillon Ford - Crete4.410.9 mi
- Lincoln Airport4.217.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Provides local fishing and outdoor recreation opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.