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Milligan village, NE

ZIP 68406 — 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 68406

Median Home Value
$121,700
Median Rent
$525
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$782/mo PITI).

10%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.3 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 68406 in Milligan village, NE, a household would need roughly $34,000 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 $782. That sits below the local median household income ($64,375), 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

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.6%+37% vs US avg
x
Vacancy Rate
28.7%+179% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
17.4%+18% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
69.7%+82% vs US avg
x
$121,700
Home Value
$525
Rent
1938
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

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

  • 1-unit detached96.8%
  • 1-unit attached0.0%
  • 2-9 units3.2%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$121,700
Median rent$525
Owner-occupied89.6%
Vacant28.7%
Price-to-income1.9x
Est. income to buy$34,000