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Cortland village, NE

ZIP 68331 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 68331

Median Home Value
$247,700
Median Rent
$775
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,591/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 68331 in Cortland village, NE, a household would need roughly $68,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,591. That sits below the local median household income ($99,750), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
92.0%+41% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
7.5%-49% vs US avg
x
Built Pre-1939
11.1%-14% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
37.5%-25% vs US avg
x
Mortgage-Free
45.1%+18% vs US avg
x
$247,700
Home Value
$775
Rent
1974
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached94.5%
  • 1-unit attached3.0%
  • 2-9 units1.0%
  • 10+ units0.0%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$247,700
Median rent$775
Owner-occupied92.0%
Vacant0.0%
Price-to-income2.5x
Est. income to buy$68,000