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Area data

Norfolk, NE — ZIP 68701

Population: 31,417 (Census ACS)

The median home value in ZIP 68701 (Norfolk, NE) is $264,725 — up 4.4% over the past year. Homes sell for a median $258,500 after a median 37 days on market. Typical rent runs $1,291/month. 12 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with icestorm, winterweather, drought the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$264,725

Median home value

+4.4%

1-year change

37

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$264,725
1-year appreciation
+4.4%
3-year appreciation
+14.4%
5-year appreciation
+30.4%
10-year appreciation
+78.8%
All-time peak (2026-07)
$264,725
House Price Index (state)
431.4 (+2.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$258,500
Median list price
$276,000
Median price per sqft
$143
1-year sale-price change
+10.7%
Median days on market
37 days
Homes sold (recent period)
84
For-sale inventory
110
Sale-to-list ratio
98.8%
Active listings
74
1-year forecast
+2.0%
Days to pending
51 days
New listings (monthly)
32

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,291/mo
1-year rent change
+3.5%
Studio fair-market rent
$733/mo
1BR fair-market rent
$916/mo
2BR fair-market rent
$1,118/mo
3BR fair-market rent
$1,453/mo
4BR fair-market rent
$1,677/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
12.3¢/kWh
Natural gas rate (state-level)
$11.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
12
Elementary schools
7
Middle schools
2
High schools
2
Schools include
NORFOLK MIDDLE SCHOOL, ALTERNATIVES FOR SUCCESS SCH, BEL AIR ELEMENTARY SCHOOL, GRANT ELEMENTARY SCHOOL, JEFFERSON ELEMENTARY SCHOOL

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
iceStorm, winterWeather, drought, hail, strongWind
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Moderate · hail: Relatively Moderate · iceStorm: Relatively High · inlandFlooding: Relatively Low · lightning: Relatively Low
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 52% of US counties
Buildings in wildfire direct-exposure zone
28.7%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
2
Nearest Superfund site
Iowa-Nebraska Light & Power Co (1.6 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
49.0°F
Average high
61.0°F
Average low
38.0°F
Annual precipitation
27.2 in
Annual snowfall
33.0 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
7.5 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
8,730
Jobs reachable by transit (45 min)
8,453

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Missouri National Recreational River (54 mi)
Airports within 30 mi
7
Nearest airport
Karl Stefan Memorial Airport (OFK) (2 mi)
Nearest major airport
Karl Stefan Memorial Airport (OFK) (2 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
FAITH REGIONAL HEALTH SERVICES
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.2 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-10 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,976
Housing built before 1970
38.5%
Housing built 2000 or later
17.8%
Median annual property tax
$2,913
Mean commute to work
13 min
Households with broadband internet
66.9%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
18,561
Average weekly wage
$1,005
Top industries (by employment)
Health Care, Accommodation & Food, Wholesale Trade
Annual residential building permits (county)
41

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 68701State medianUS median
Median home value$264,725$237,615$289,727
Median sale price$258,500$268,738$325,000
Median days on market37 days36 days51 days
Typical rent$1,291/mo$1,359/mo$1,808/mo
Median annual property tax$2,913$2,000$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 68701?
$264,725.
What is the median sale price in ZIP 68701?
$258,500.
How long do homes take to sell in ZIP 68701?
Median days on market: 37 days.
What is typical rent in ZIP 68701?
Typical rent: $1,291/month.
What is the natural-hazard risk in ZIP 68701?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: iceStorm, winterWeather, drought, hail, strongWind.
Is ZIP 68701 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 68701?
Risk to homes is higher than 52% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 68701?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 68701?
2 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Iowa-Nebraska Light & Power Co, 1.6 mi.
How many schools serve ZIP 68701?
12 schools (7 elementary, 2 middle, 2 high) (NCES, 2022-23).
Is ZIP 68701 walkable?
Walkability index: 7.5/20 (EPA Smart Location Database).
What is the cost of living in ZIP 68701?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents