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Sarah Mitchell
Compass Real Estate · ZIP 68801
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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68801 ZIP Code Housing Market
$240,249median sale price
What is the 68801 housing market like right now?
The median home sale price in ZIP code 68801 is $240,249, up 5.4% year-over-year. Homes sell in an average of 24 days with 47 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 68801 ZIP code a buyer's or seller's market?
ZIP code 68801 is currently a balanced market and homes selling in about 24 days. How we determine this →
What are the latest 68801 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $240,249 |
| Median list price | $264,100 |
| Year-over-year price change | +5.4% |
| Average days on market | 24 days |
| Active inventory | 47 listings |
| Sale-to-list price ratio | 98.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 68801 zip code, located in Grand Island, NE, is currently classified as a balanced market. The median sale price stands at $240,249, representing a +5.4% change year over year. Homes in this area spend an average of 24 days on the market before going under contract. There are currently 47 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 68801 sits in the Grand Island, NE area, roughly 3.7 miles from downtown Grand Island. Because home prices are set street by street, this ZIP can move differently from Grand Island's citywide averages. The figures below reflect 68801 specifically — drawn from Redfin transactions, U.S. Census data for its 30,824 residents, and Zillow value estimates.
Homes sold
67
Last 12 weeks
Days on market
24
Average pace
Active listings
47
Sale-to-list
98.8%
Below asking
What is driving the 68801 housing market?
The 68801 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 68801 have increased +5.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 68801 stands at $227,986, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,365 per month. This gives a price-to-rent ratio of approximately 13.9, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 68801?
Population
30,824
Median income
$63,617/yr
Median age
31.9 years
Owner-occupied
57.4%
College grads
17.8%
Avg commute
21.66 min
What is it like living in 68801?
Zip code 68801 is home to approximately 30,824 residents. The median household income is $63,617 per year, which shapes the types of homes and amenities available in the area. With a median age of 31.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 57.4% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 17.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 21.66 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 68801.
Which public schools serve ZIP 68801?
13 schools tracked · 3,759 students
The largest public schools serving ZIP code 68801 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BARR MIDDLE SCHOOL
Grades 6-8 · 663 students
HOWARD ELEMENTARY SCHOOL
Grades PK-5 · 463 students
STARR ELEMENTARY SCHOOL
Grades PK-5 · 451 students
DODGE ELEMENTARY SCHOOL
Grades PK-5 · 446 students
JEFFERSON ELEMENTARY SCHOOL
Grades PK-5 · 371 students
LINCOLN ELEMENTARY SCHOOL
Grades PK-5 · 343 students
WASMER ELEMENTARY SCHOOL
Grades PK-5 · 340 students
STOLLEY PARK ELEM SCHOOL
Grades PK-5 · 279 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 68801
What is the median home price in 68801?
The current median sale price in 68801 is $240,249, based on recent Redfin transaction data. Prices have changed +5.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 68801 a buyer's or seller's market?
The 68801 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 68801?
Zip code 68801 has a population of approximately 30,824 residents. The median household income is $63,617 per year. About 57.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 68801?
Properties Incorporated provides comprehensive data for 68801 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 68801 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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