The story of this market
The typical home in ZIP 68937 sells for about $259,900, or $104 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $649 a month.
ZIP 68937 — Elwood
The housing market in 68937 is characterized by low inventory and limited sales activity, typical of a small rural community. Prices have seen modest appreciation over the last decade, driven by low supply rather than high transaction volume. The market remains stable with little speculative pressure.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a car-dependent commute.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 4.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 5.0% — 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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68937, Elwood, NE
Residents are served by local primary and secondary schools, with access generally available to pedestrians.
The area is primarily rural with an economy centered on local services and agriculture.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nebraska) — Nebraska Homestead Exemption: Provides a reduction or exemption of property taxes on the primary residence (homestead) of qualified individuals. The specific exemption amount is determined by income brackets and disability status as defined in state statutes. State (Nebraska) — Nebraska Real Property Tax Assessment: Real property is assessed at or near 100% of actual value, except for agricultural and horticultural land, which is assessed at 75% of actual value. Agricultural land is assessed at 50% of actual value for school bond tax purposes.
The vast majority of residents (90.6%) rely on driving for their commute, with minimal access to public transit.
Local amenities are limited; residents typically require a vehicle for grocery shopping and access to regional services.
The rental market is limited, consisting primarily of single-family detached homes and a small share of mobile units.
The local economy is driven by agriculture and small-scale local services.
Parcels are subject to local school district and county-level property tax levies.
Data retrieved from data.census.gov ZCTA 68937 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.
- Kirk's Nebraskaland Restaurant4.112.3 mi
- Johnson Lake State Recreation Area4.56.6 mi
- Heartland Museum of Military Vehicles4.812.6 mi
- Heartland Museum of Military Vehicles4.812.6 mi
- Johnson Lake State Recreation Area4.56.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A primary regional destination for fishing and boating.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).