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Sarah Mitchell
Compass Real Estate · ZIP 68847
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68847 ZIP Code Housing Market
The typical home in ZIP code 68847 is worth $290,178, rose 5.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published for this ZIP was $319,900, +15.3% year over year (through May 2026). With homes going under contract in about 19 days, 68847 is a balanced market. That is 9% below the Glenwood, NE citywide median. At today's 7.03% 30-year fixed rate, 20% down works out to about $1,549/mo in principal and interest.
Key numbers for ZIP code 68847
Typical home value
$290,178
+5.1% in 12 months
Zillow, August 2026
Median sale price
$319,900
+15.3% year over year
Redfin, through March 2026
Days on market
19
Fast-moving
Redfin, through March 2026
Active listings
19
Redfin, through March 2026
Sale-to-list ratio
101.4%
Selling above asking
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$73,818
Home costs 3.9x income
U.S. Census ACS, 2024
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current.
Is the 68847 ZIP code a buyer's or seller's market?
ZIP code 68847 is a balanced market and homes selling in about 19 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
What are the latest 68847 housing market stats?
Redfin's final published month for this ZIP code. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $319,900 |
| Median list price | $324,900 |
| Year-over-year price change | +15.3% |
| Median price per sq ft | $143/sq ft |
| Median days on market | 19 days |
| Active inventory | 19 listings |
| Sale-to-list price ratio | 101.4% |
| Homes sold (that month) | 56 |
| Market condition | Balanced market |
Reading these: months of supply is how long it would take to sell every active listing at the current pace (under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut.). Days on market is the median time from listing to accepted offer. Sale-to-list ratio above 100% means bidding over asking is normal here. Price per square foot lets you compare differently sized homes, but it should not be used to value your own.
How have 68847 home prices moved?
Over the three years through Redfin's final published month, the median sale price in 68847 fell 1.2%, from $323,900 to $319,900. The live Zillow value series has rose 5.1% in the last 12 months — the more current read now that the Redfin series has stopped. ZIP-level medians swing harder than citywide ones because far fewer homes sell in a month; read the shape of the line, not any single point.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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How does 68847 compare to Glenwood, NE?
ZIP 68847 sits about 3.4 miles from downtown Glenwood, and its median sale price of $319,900 runs 9% below the $350,000 citywide median for the same period. That is close enough to the citywide figure that the city-level data is a reasonable guide for this ZIP. For national context, the U.S. median sale price is $410,700.
| Market | Median sale price | Days on market |
|---|---|---|
| ZIP 68847 | $319,900 | 19 days |
| Glenwood, NE citywide | $350,000 | 33 days |
| United States | $410,700 | not published |
ZIP and city rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What does it cost to buy a home in 68847?
Priced off the typical home value of $290,178 at the current 7.03% 30-year fixed rate. Principal and interest only — property taxes, insurance, HOA dues and mortgage insurance are on top and vary too much by property for us to guess.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $58,036 | $232,142 | $1,549/mo |
| 5% | $14,509 | $275,669 | $1,840/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
Lenders generally want housing costs under 28% of gross income, so the 20%-down payment of $1,549 implies roughly $66,391 a year before taxes and insurance. The median household in this ZIP earns $73,818, clearing that threshold by about $7,427. Price-to-income runs 3.9x.
Run it with your own numbers: affordability calculator · mortgage calculator · rent vs. buy calculator
Who lives in 68847?
American Community Survey estimates for this ZIP code tabulation area. U.S. Census ACS, 2024
Population
18,354
Households
7,527
Median income
$73,818/yr
Median age
37.1 years
Owner-occupied
69.6%
Median home value
$238,400
Median gross rent
$976/mo
Mean commute
18.52 min
69.6% of occupied homes in this ZIP are owner-occupied — the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve ZIP 68847?
5 schools tracked · 1,814 students
The largest public schools serving ZIP code 68847 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.
SUNRISE MIDDLE SCHOOL
Grades 6-8 · 543 students
NORTHEAST ELEMENTARY SCHOOL
Grades PK-5 · 418 students
MEADOWLARK ELEMENTARY SCHOOL
Grades PK-5 · 399 students
BRYANT ELEMENTARY SCHOOL
Grades PK-5 · 243 students
EMERSON ELEMENTARY SCHOOL
Grades PK-5 · 211 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Homes for sale in 68847
The last count we hold for 68847 is 19 active listings, with a median asking price of $324,900 (Redfin, through May 2026). Properties Incorporated is a data platform, not a listing portal — we publish what homes cost and how fast they move, and we point you at the portals for the inventory itself. Tell us what you are looking for and we will send the Glenwood, NE listings that match instead.
68847 housing market FAQ
How much do homes cost in 68847?
The typical home in ZIP code 68847 is worth $290,178 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published for this ZIP was $319,900, about $143 per square foot (through May 2026).
Is 68847 a buyer's or seller's market?
ZIP code 68847 reads as a balanced market on the supply and pace-of-sale data we hold. Redfin's ZIP-level series stopped in June 2026, so this classification is frozen rather than live.
Is 68847 cheaper than Glenwood, NE?
ZIP 68847's median sale price of $319,900 is 9% lower than Glenwood, NE's citywide median of $350,000 for the same period, and homes here go under contract in 19 days against 33 citywide.
What income do you need to buy a home in 68847?
At the current 30-year fixed rate of 7.03%, 20% down on a $290,178 home is about $1,549 a month in principal and interest. Under the standard 28% front-end rule that implies roughly $66,391 in gross annual income, before property taxes, insurance, HOA dues or mortgage insurance. Census puts the median household income in this ZIP at $73,818.
Are home prices rising in 68847?
The typical home value in 68847 rose 5.1% over the last 12 months, from $276,069 to $290,178 (Zillow, August 2026). Zillow's index still refreshes monthly, so this is the current read.
What data do you publish for ZIP code 68847?
Zillow's Home Value Index and Observed Rent Index (monthly, current), Redfin's median sale price, days on market, inventory and months of supply (final period May 2026), U.S. Census ACS demographics, NCES public school records, and Freddie Mac's 30-year fixed rate via FRED for the affordability math. Every figure on this page carries its source and period. Properties Incorporated publishes market data; it does not list homes and does not give financial advice.
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