The story of this market
The typical home in ZIP 68331 sells for about $325,000, or $168 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,075 a month.
ZIP 68331 — Cortland
The housing market in 68331 remains stable with low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, reflecting the broader regional trend of limited supply in rural-adjacent communities. Market conditions are currently balanced, with no significant signs of volatility.
This ZIP is ideal for families and commuters seeking a quiet, rural lifestyle with the convenience of being within a short drive of Lincoln's urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 4.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.4% · poverty 10.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68331, Nebraska
Crime rates in the Cortland area remain low, consistent with rural Gage County trends and significantly below regional urban averages.
The area is served by the Norris School District, which is highly regarded for its academic performance and community-focused extracurricular programs.
The region faces standard Midwestern risks, including severe thunderstorms and occasional tornado activity, with flood risks primarily confined to low-lying areas near the Big Blue River.
Economic momentum is driven by proximity to Lincoln, with residents commuting for employment in education, government, and manufacturing sectors.
Property taxes are assessed by Gage County based on market value, with additional levies for school district operations and local municipal services.
Commuting is primarily car-dependent, with most residents driving approximately 20-25 minutes north to reach the Lincoln employment core via US-77.
Local amenities include access to nearby rural parks and open spaces, with more extensive shopping, dining, and entertainment options available in nearby Lincoln.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal short-term rental presence.
The local economy is largely agricultural and service-oriented, with a significant portion of the workforce commuting to Lincoln for professional and industrial employment.
Transportation is almost exclusively via private vehicle, with US-77 serving as the primary arterial corridor connecting the area to the regional hub.
Development is currently focused on small-scale residential infill rather than large-scale commercial or infrastructure projects.
Gage County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to levies from the Norris School District and local fire/emergency service districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage for wind and hail being essential for homeowners.
Data retrieved from US Census Bureau ZCTA 68331 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local park providing green space and recreational facilities for residents.
Natural feature offering fishing and scenic views near the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.