The story of this market
The typical home in ZIP 68508 sells for about $224,900.
Prices are up +7.8% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $785 a month.
ZIP 68508 — Lincoln
The 68508 housing market is characterized by high rental demand and a younger demographic profile driven by the university. While home prices remain lower than the national average, the market shows steady year-over-year growth. Inventory remains tight, supporting a stable outlook for the area.
This ZIP is ideal for students, young professionals, and urban renters who prioritize proximity to the university and downtown amenities over suburban space.
Median prices moved up 7.8% year over year.
Homes spend a median of 33 days on market with 3.5 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 97.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.6% · poverty 43.8% — elevated distress and economic pressure.
ZCTA 68508, Lancaster County NE
The area is served by Lincoln Public Schools, which maintains a diverse range of educational outcomes across its urban core.
The area is subject to standard Midwestern climate risks including severe thunderstorms and occasional tornado activity.
Development is anchored by the proximity to the University of Nebraska-Lincoln and the state capitol, driving consistent demand for student and workforce housing.
Property taxes are assessed by Lancaster County based on market value; the area includes various municipal and school district levies.
Highly walkable and transit-accessible urban core with short commute times to downtown Lincoln employment centers.
Features proximity to the State Capitol grounds, Memorial Stadium, and various urban parks and cultural venues within the downtown district.
High rental demand driven by the university student population, resulting in lower vacancy rates and steady rent growth.
The economy is heavily influenced by the University of Nebraska-Lincoln and state government operations, providing a stable employment base.
Served by StarTran bus services with high connectivity to the downtown core and university campus.
Ongoing urban infill projects and revitalization efforts are focused on the downtown and university-adjacent corridors.
Lancaster County Assessor manages property valuations for tax purposes.
Parcels are subject to Lincoln Public Schools and various municipal utility districts.
Standard property insurance market with typical regional exposure to wind and hail damage.
Data retrieved from Census ZCTA profiles and local market reports.
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.
- Urban Air Trampoline and Adventure Park4.15.2 mi
- Lost In Fun!4.57.1 mi
- Round1 Bowling & Arcade - Lincoln3.93.6 mi
- Star City Shores4.34.4 mi
- Escape Lincoln4.81.2 mi
- Memorial Stadium4.80.7 mi
- Pinnacle Bank Arena4.61 mi
- Roca Berry Farm4.512.6 mi
- Sandhills Global Event Center4.35.4 mi
- Lied Center for Performing Arts4.80.9 mi
- Nebraska State Capitol4.71.5 mi
- Lincoln Children's Zoo4.72.3 mi
- Marcus Lincoln Grand Cinema4.51.1 mi
- Sun Valley Lanes & Games4.61.7 mi
- SouthPointe Pavilions4.46.2 mi
- Nebraska Wesleyan University4.72.7 mi
- Museum of American Speed4.91.5 mi
- Lincoln Children's Museum4.71 mi
- International Quilt Museum4.71.5 mi
- University of Nebraska State Museum - Morrill Hall4.70.7 mi
- Sunken Gardens4.82.1 mi
- Pioneers Park4.74.7 mi
- Pioneers Park Nature Center4.75.5 mi
- Wilderness Park4.64.7 mi
- Holmes Lake Park4.75.1 mi
- Branched Oak Marina4.513.1 mi
- Oak Lake4.50.8 mi
- Oak Lake4.50.8 mi
- The Lodge Restaurant at Wilderness Ridge4.47.5 mi
- Highlands Golf Course4.43.2 mi
- Pioneers Golf Course4.54.9 mi
- Mahoney Golf Course4.34.7 mi
- Hidden Valley Golf Course4.29.1 mi
- Gateway Mall4.23.5 mi
- Marshalls & HomeGoods4.47.4 mi
- Hy-Vee Grocery Store4.45.7 mi
- Hy-Vee Grocery Store4.42.8 mi
- T.J. Maxx4.22.7 mi
- Lincoln Airport4.23.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic state government seat and major architectural landmark.
Home to the University of Nebraska Cornhuskers football team.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.