The story of this market
The typical home in ZIP 68448 sells for about $187,000, or $104 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,278 a month.
ZIP 68448 — Talmage
The housing market in 68448 is characterized by low transaction volume and high vacancy rates, reflecting its status as a small, rural community. Prices remain accessible but growth is stagnant, with limited demand from outside the immediate area. Data for specific metrics like active inventory and days on market are based on regional estimates as ZIP-level reporting is sparse.
This ZIP is best suited for local agricultural workers or those seeking a quiet, low-cost rural lifestyle, as it lacks the amenities and employment density required by most commuters or families.
Median prices moved up 2.1% year over year.
Homes spend a median of 82 days on market with 6.4 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.4% · poverty 18.7% — a mixed stability 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 5.6%/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 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68448, Otoe County NE
Local schools are part of the rural Otoe County educational landscape, typically serving small student populations with limited extracurricular offerings.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near drainage basins.
Economic momentum is limited, with the local economy primarily supported by agricultural operations and small-scale local services.
Property taxes are assessed at the county level by Otoe County, with rates determined by local school district levies and municipal requirements.
Commuting requires personal vehicle travel, with residents typically driving to larger regional hubs like Nebraska City or Syracuse for employment and services.
Recreational opportunities are centered on small-town community parks and local rural outdoor activities; major shopping and dining are located approximately 20 miles away.
The rental market is characterized by low inventory and high vacancy pressure, with limited turnover and a lack of institutional-grade multi-family housing.
The economy is heavily reliant on the agricultural sector and small-scale local businesses within Otoe County.
Transportation is entirely dependent on private vehicle use via Nebraska Highway 67 and local county roads.
There are no major commercial or residential developments currently planned or under construction in this ZIP code.
Otoe County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Otoe County levies, local school district taxes, and potential rural fire district assessments.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail damage.
Nebraska operates as a non-judicial foreclosure state, with specific notice and cure periods defined by state statute.
Nebraska requires sellers to provide a written disclosure statement regarding the condition of the property to the buyer.
Data retrieved from US Census Bureau ZCTA-level tables.
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 resource center and community hub.
Local veterans organization and community meeting space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.