The story of this market
The typical home in ZIP 68359 sells for about $179,900, or $140 per square foot.
Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $812 a month.
ZIP 68359 — Friend
The housing market in 68359 is stable with low inventory and limited sales volume, reflecting its rural character. Prices have remained flat year-over-year, and the market is driven by local demand rather than speculative investment. Data for specific metrics like price cuts and months of supply are limited due to the small sample size of this rural ZIP code.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a lower cost of living compared to nearby metropolitan areas, though it offers limited amenities for those requiring urban convenience.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 74 days on market with 0.4 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 98.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 6.0% — 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 5.1%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68359, Saline County NE
The area is served by Friend Public Schools, which are generally characterized as small, community-focused rural institutions.
The region is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind events; flood risk is generally low but varies by specific parcel location.
The local economy is primarily driven by agriculture and small-town commerce, with limited large-scale industrial development or major corporate infrastructure projects currently reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nebraska) — Nebraska Homestead Exemption: Provides a reduction or exemption of property taxes on the primary residence (homestead) of qualified individuals. The specific exemption amount is determined by income brackets and disability status as defined in state statutes. State (Nebraska) — Nebraska Real Property Tax Assessment: Real property is assessed at or near 100% of actual value, except for agricultural and horticultural land, which is assessed at 75% of actual value. Agricultural land is assessed at 50% of actual value for school bond tax purposes.
Residents primarily rely on personal vehicles for commuting, with travel times to regional employment hubs like Lincoln typically exceeding 45 minutes.
Local amenities include small community parks and basic recreational facilities within the city of Friend, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is characterized by limited inventory and low vacancy pressure, with rents largely stable and primarily consisting of single-family home rentals.
The economy is anchored by agricultural production and local service-sector businesses, with most residents commuting to larger regional centers for professional employment.
No major commercial or residential developments are currently reported in the pipeline for this ZIP code.
Saline County Assessor manages property valuations for tax purposes.
Parcels are subject to Saline County and Friend Public School District levies.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind, consistent with broader Nebraska market trends.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
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. Source: NCES EDGE public school locations 2023-24.
Local community park providing green space and basic recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.