The story of this market
The typical home in ZIP 69131 sells for about $187,511, or $88 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $892 a month.
ZIP 69131
The housing market in 69131 is characterized by low inventory and stable, modest price growth consistent with rural Nebraska trends. Market activity is minimal, with very few closed sales reported in recent months. The area remains an affordable, low-risk environment for long-term residents, though it lacks the development momentum seen in larger regional hubs.
This ZIP is best suited for long-term residents, agricultural workers, and those seeking a quiet, low-cost rural lifestyle away from urban centers.
Median prices moved up 5.1% year over year.
Homes spend a median of 112 days on market with 4.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 11.7% — 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 5.6%/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 5.6%/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 69131, Cheyenne County NE
The local economy is primarily driven by agricultural operations and small-scale rural commerce.
Property taxes are assessed at the county level in Cheyenne County, Nebraska, based on local mill levies applied to the assessed value of real property.
Residents typically rely on personal vehicles for commutes, with travel times to regional employment hubs in Sidney or Scottsbluff often exceeding 30 minutes.
Recreational opportunities are limited to local community parks and open rural spaces, with major shopping and entertainment hubs located in larger regional cities.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local agricultural workers and long-term residents.
The economy is heavily reliant on the agricultural sector, including crop production and livestock management.
Transportation is exclusively via regional highway networks; there is no public transit infrastructure.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Cheyenne County Assessor manages property valuations for tax purposes, following Nebraska state assessment standards.
Parcels are subject to local school district levies and county-wide service district taxes.
Property insurance premiums are influenced by rural fire risk and regional weather patterns common to the Nebraska Panhandle.
Data retrieved from US Census Bureau ZCTA-level tables.
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 public space for community gatherings and outdoor recreation.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).