US5.com
  1. Home
  2. States
  3. Nebraska
  4. ZIP 68405
  5. Housing & Real Estate
Milford city, NE

ZIP 68405 — 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 68405

Median Home Value
$245,800
Median Rent
$687
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,579/mo PITI).

10%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.8 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 68405 in Milford city, 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 $1,579. That sits below the local median household income ($80,906), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.0%+2% vs US avg
x
Vacancy Rate
8.5%-17% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
7.8%-47% vs US avg
x
Built Pre-1939
7.1%-45% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
5.7%-89% vs US avg
x
Mortgage-Free
54.4%+42% vs US avg
x
$245,800
Home Value
$687
Rent
1966
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached78.3%
  • 1-unit attached2.1%
  • 2-9 units13.5%
  • 10+ units3.9%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$245,800
Median rent$687
Owner-occupied67.0%
Vacant8.5%
Price-to-income3.0x
Est. income to buy$68,000