Zip lookup · NE

68506
Lincoln, Nebraska.

Lincoln, Lancaster County, NE · Lincoln, NE metro · population 27,531

What it costs per month · 68506 $1,479/mo

to buy the typical home at today's mortgage rate — +$793 (+116%) since Jan 2020.

What the home itself did
1 year
Up $8,822 +3%
$272,901$281,722 since Sep 2025
5 years
Up $54,445 +24%
$227,278$281,722 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 68506 $1,479 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 68506$1,479
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 16 years.

Typical home values in zip 68506 rose 3.2% over the past year — faster than the nation's +1.2%.

Asking rents in zip 68506 rose 3.3% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 68506 runs $879/mo more than renting one. The gap peaked at $888 in Oct 2023.

That is $2,139 a month against $1,260 rent: a $1,479 mortgage payment, plus $359 property tax and $302 insurance & upkeep.

Owning vs renting — zip 68506

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,500 $2,000 2021 2022 2023 2024 2025 2026 Owning all in $2,139 Renting $1,260 Mortgage only $1,479
$1,000 $1,500 $2,000 2022 2024 2026
  • Owning all in$2,139
  • Renting$1,260
  • Mortgage only$1,479

Property tax · $359/mo 1.53% of value a year — the ACS 2020-2024 median bill over the median home value for Lancaster County, NE

Insurance & upkeep · $302/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Lincoln, NE — measured over the city limits, which is a different area from this zip.

Asking rent $1,260 as of Sep 2026
+3.3%year on year
Typical home value $281,722 as of Sep 2026
+3.2%year on year

Asking rent — 68506

Against the Lincoln, NE metro and the national benchmark.

$1,000 $1,250 $1,500 $1,750 2021 2022 2023 2024 2025 2026 68506 $1,260 Lincoln $1,281 United States $1,932
$1,000 $1,250 $1,500 $1,750 2022 2024 2026
  • 68506$1,260
  • Lincoln$1,281
  • United States$1,932

Typical home value — 68506

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 68506 $281,722 Lincoln $300,524 United States $366,157
$200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 68506$281,722
  • Lincoln$300,524
  • United States$366,157

Within 20 miles

Showing 30 of 43 zips in range — sorting picks from all 43.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.6 68510 Lincoln 19,391 $1,107 $254,878
3.0 68505 Lincoln 18,834 $1,364 $262,920
3.2 68502 Lincoln 25,846 $876 $239,224
3.3 68503 Lincoln 15,867 $1,155 $198,715
3.4 68516 Lincoln 48,903 $1,466 $390,488
4.2 68508 Lincoln 18,163 $822 $215,699
4.6 68520 Lincoln 2,762 $1,607 $623,733
4.7 68526 Lincoln 7,944 $1,405 $465,548
4.7 68512 Lincoln 13,802 $1,626 $348,357
5.0 68504 Lincoln 17,278 $1,190 $220,988
5.4 68507 Lincoln 16,029 $1,387 $248,364
6.4 68522 Lincoln 14,836 $1,270 $278,992
6.7 68521 Lincoln 37,050 $1,464 $286,760
6.7 68461 Walton 503 — $741,634
7.0 68523 Lincoln 2,031 — $509,622
7.7 68527 Lincoln 2,318 — $523,701
8.2 68430 Roca 1,989 $1,672 $618,566
9.7 68528 Lincoln 7,273 $1,484 $289,052
10.4 68317 Bennet 1,984 — $409,842
10.4 68524 Lincoln 6,139 — $259,558
10.5 68517 Lincoln 415 — $588,990
10.7 68532 Lincoln 785 — $597,790
11.4 68347 Eagle 2,508 — $355,564
12.4 68339 Denton 1,154 — $618,833
12.5 68336 Davey 496 — $487,535
12.5 68372 Hickman 4,135 — $386,503
12.7 68462 Waverly 4,928 — $350,773
12.9 68404 Martell 1,039 — $544,234
14.2 68419 Panama 242 — $271,550
14.2 68402 Malcolm 1,459 — $522,374

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.