ZIP 68506 - 860Z200US68506 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 68506, located in Lincoln, Nebraska, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the community and its potential.

Population & Households

ZIP 68506 is home to a population of 27,909 residents, making it a moderately sized community within Lincoln. This area supports 12,466 households, reflecting a mix of family and individual living arrangements. With 13,044 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in the area. The balance between population and housing suggests a stable residential environment, ideal for those seeking a settled community with room for growth.

Income & Housing Costs

The median household income in ZIP 68506 stands at $70,501, indicating a solid economic base for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median home value is $245,200, which aligns well with the income levels, offering a reasonable entry point for potential homebuyers compared to national averages in many urban areas. For renters, the median rent is $1,147 per month, providing an affordable alternative to homeownership for those not ready to buy. These figures suggest that ZIP 68506 offers a balanced housing market for a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 68506 reflects a predominantly white community, with 81.42% of residents identifying as white. Other racial groups include Black residents at 1.49%, Asian residents at 3.46%, and Hispanic or Latino residents at 7.96%. This composition indicates a community with a strong majority but also a presence of diversity that contributes to the cultural fabric of the area. For businesses and investors, understanding this mix can help tailor services or marketing strategies to meet the needs of the local population.

Key Facts

• Total population: 27,909 residents in ZIP 68506.
• Total households: 12,466, supporting a mix of family and solo living.
• Total housing units: 13,044, with a small surplus of available homes.
• Median household income: $70,501, reflecting a stable economic base.
• Median home value: $245,200, accessible for many income levels.
• Median rent: $1,147 per month, offering affordable rental options.
• Racial composition: 81.42% white, 7.96% Hispanic, 3.46% Asian, 1.49% Black.

What This Means for You

For homebuyers, ZIP 68506 presents a promising opportunity with median home values at $245,200 and a slight surplus of housing units. This could mean less competition and more negotiating power when purchasing a property. Investors and real estate agents will find value in the stable income levels and reasonable home prices, which suggest a market with potential for steady appreciation and rental demand, especially with median rents at $1,147. Small-business owners can leverage the area’s population of nearly 28,000 and diverse demographic mix to target specific customer segments, whether offering family-oriented services or niche products for smaller ethnic communities. Analysts can use these metrics as a benchmark to compare ZIP 68506 with neighboring areas, identifying trends in housing affordability or population growth. Overall, this ZIP code offers a balanced environment for personal, professional, and investment goals.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 68506? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.