The story of this market
The typical home in ZIP 68731 sells for about $215,000, or $138 per square foot.
Prices are up +3.2% 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 $667 a month.
ZIP 68731 — Dakota City
The housing market in 68731 remains stable with modest price appreciation and low inventory levels. Market conditions are driven by local employment stability and limited new construction, resulting in a balanced environment for buyers and sellers. No significant volatility is observed in the current data.
This ZIP is best suited for families and long-term residents seeking a quiet, affordable rural lifestyle, as it lacks the high-density amenities or transit connectivity preferred by urban commuters or investors.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 4.7 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 6.3% — 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 5.3%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 68731, Dakota County NE
Crime rates in the area remain low and stable, consistent with rural Nebraska trends and significantly below national averages for urban centers.
Schools serving the area are generally characterized by small class sizes and strong community support, though they face challenges typical of rural districts regarding resource breadth.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near the river.
Economic momentum is modest, driven primarily by local agricultural support services and small-scale retail, with limited large-scale industrial development.
Property taxes are levied by the county and local school districts; the area does not utilize complex MUD/PID structures common in high-growth urban corridors.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs in the county seat or regional centers via state highway corridors.
Local recreation is centered on community parks and proximity to regional outdoor spaces, with limited high-density shopping or entertainment venues within the immediate ZIP.
The rental market is characterized by low turnover and limited inventory, with demand primarily driven by local workforce needs rather than investor-led short-term rental activity.
The economy is anchored by agricultural production, food processing, and local government services, with employment stability tied to regional commodity markets.
Transportation infrastructure is limited to regional highway networks; there is no public transit system serving the area.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure rather than large-scale expansion.
The county appraisal district conducts annual assessments based on market value, with a focus on agricultural land valuation and residential property equalization.
Parcels are subject to standard county and school district levies; no specialized utility or hospital districts significantly impact the tax burden.
Property insurance premiums are moderate, reflecting regional exposure to severe weather, though market health remains stable.
Net domestic migration is neutral to slightly negative, typical of rural Nebraska counties experiencing slow population shifts.
Nebraska operates under a non-judicial foreclosure process for deeds of trust, with specific notice and cure periods defined by state statute.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known defects, prior to closing.
Data retrieved from Census Bureau ZCTA-level tables; figures represent 5-year averages.
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 community park providing green space and recreational facilities.
Provides regional access for fishing and boating activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.