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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −2.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −33.5% YoY, is the number to watch.
The median listing price is down 2.2% YoY while the median home got down 1.8% bigger, so value per square foot is down 10.9%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $392K purchase rents for $2,000/mo: 0.51% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent).
Sales here take about 13 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 68116 itself, not its parent county.
Renters hold 23.6% of this ZIP's 12,911 occupied households, on a median household income of $121K.
| Measure | ZIP 68116 | Douglas County | Difference |
|---|---|---|---|
| Median Household Income | $121K | $80K | +$41K |
| Below Poverty Level | 3.1% | 11.8% | -8.7% |
| Median Age | 36.30 | 35.60 | +0.70 |
| Total Population | 34,501 | 590,736 | -- |
| Avg Household Size | 2.67 | 2.43 | +0.24 |
| Owner-Occupied | 76.4% | 61.5% | +14.8% |
| Worked From Home | 20.8% | 16.1% | +4.7% |
| Mean Commute | 21.80 | 20.00 | +1.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.9% to 590,736: residents under 18 are up 0.3% and those 65 and over are up 3.4%.
County median household income is $80K, 11.8% of residents are below the poverty level, 16.1% work from home.