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Grand Island city, NE

ZIP 68801 — 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 68801

Median Home Value
$186,600
Median Rent
$762
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,199/mo PITI).

14%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.4 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 68801 in Grand Island city, NE, a household would need roughly $51,000 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 $1,199. That sits below the local median household income ($63,214), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.6%-9% vs US avg
x
Vacancy Rate
3.7%-64% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
6.8%-54% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
16.2%-67% vs US avg
x
Mortgage-Free
41.9%+10% vs US avg
x
$186,600
Home Value
$762
Rent
1971
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached63.9%
  • 1-unit attached4.4%
  • 2-9 units17.6%
  • 10+ units8.7%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$186,600
Median rent$762
Owner-occupied59.6%
Vacant3.7%
Price-to-income3.0x
Est. income to buy$51,000