The story of this market
The typical home in ZIP 69154 sells for about $231,608, or $135 per square foot.
Prices are up +9% 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 $690 a month.
ZIP 69154
The housing market in 69154 remains stable with steady price appreciation driven by limited inventory and consistent demand. While sales volume is modest, the market is supported by a strong local economy and the area's appeal as a recreational destination. Figures for specific metrics like price-cut percentage are estimated based on regional trends as exact ZIP-level data is not published.
This area is ideal for families and retirees seeking a quiet, outdoor-oriented lifestyle near Lake McConaughy. It also attracts workers in the agricultural and tourism sectors who value a lower cost of living.
Median prices moved up 9.0% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 17.2% — a mixed stability 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 6.2%/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 5.5%/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 69154, Keith County, Nebraska
Crime rates in the Ogallala area remain low relative to national averages, with property crime being the primary concern. Local law enforcement reports stable trends consistent with rural Nebraska patterns.
Schools serving the area are part of the Ogallala Public Schools district, which generally maintains a solid reputation for student-to-teacher ratios and community engagement.
The region faces moderate risks from severe thunderstorms and high winds, with standard insurance coverage typically available. Flood risk is localized primarily to areas near the South Platte River.
Economic momentum is driven by tourism related to Lake McConaughy and agricultural support services. Infrastructure development is focused on maintaining regional connectivity along the I-80 corridor.
Property taxes are assessed by Keith County based on market value, with rates determined by local school district and municipal levies. Nebraska does not have a state-level property tax, but local jurisdictions utilize these funds for public services.
Commuting is primarily car-dependent, with most residents working within Ogallala or traveling short distances along the I-80 corridor. There is no public transit system serving the area.
The area is anchored by Lake McConaughy, offering extensive boating, fishing, and camping opportunities. Local amenities include several public parks, a golf course, and a historic downtown shopping district.
The rental market is tight with limited inventory, primarily serving local workers and seasonal tourism staff. Vacancy rates are low, and rent growth has been moderate.
The economy is anchored by tourism, agriculture, and retail services. Major employers include the local school district, healthcare providers, and hospitality businesses serving lake visitors.
The area is served by Interstate 80, providing critical east-west access. There is no regional public transit infrastructure.
Development is primarily focused on small-scale residential infill and maintenance of existing commercial infrastructure.
The Keith County Assessor manages property valuations, conducting periodic reviews to ensure assessments align with market values.
Parcels are subject to levies from the Ogallala Public Schools district and the Keith County general fund.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk, which are common in Western Nebraska.
Nebraska has seen modest net domestic migration, with rural areas like Keith County experiencing stable population levels.
Nebraska is a non-judicial foreclosure state, allowing for a streamlined process under the Nebraska Trust Deeds Act.
Sellers are required to provide a written disclosure statement regarding the condition of the property to the buyer prior to closing.
Data retrieved from data.census.gov for ZCTA 69154.
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.
Nebraska's largest reservoir, offering premier fishing, boating, and beach access.
A local 9-hole course serving the community.
A historic attraction featuring a museum and western-themed dining.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).