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Norfolk city, NE

ZIP 68701 — 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 68701

Median Home Value
$200,400
Median Rent
$716
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,287/mo PITI).

13%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

23.3 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 68701 in Norfolk city, NE, a household would need roughly $55,000 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 $1,287. That sits below the local median household income ($64,862), 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
66.4%+2% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
14.9%-70% vs US avg
x
Mortgage-Free
44.4%+16% vs US avg
x
$200,400
Home Value
$716
Rent
1977
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached66.6%
  • 1-unit attached3.9%
  • 2-9 units10.9%
  • 10+ units14.9%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$200,400
Median rent$716
Owner-occupied66.4%
Vacant7.3%
Price-to-income3.1x
Est. income to buy$55,000