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ZIP Code · NE

ZIP 68701

Part of Norfolk, NE
Pop. 31,417·Madison County·40th most expensive ZIP in Nebraska
Median rent (all units)
$1,286/mo
Year-over-Year
+5.6%
Month-over-Month
+6.7%
vs US Median
-$679
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68701 · $1,286
More affordable than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$700
1 BR
$780
2 BR
$1,020
3 BR
$1,310
4 BR+
$1,550
Research median
$1,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,432/yr
At $1,286/mo median
Location
StateNE
CountyMadison County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.6% YoY, +6.7% MoM), not inventory.
Demographics

Who lives here

ZIP 68701 (Norfolk, NE) is majority owner-occupied, has a median income below the national average, 24.7% of residents hold a bachelor's degree or higher.

Population
31,417
Median income
$62,633
Median age
37.6
Renters
35.5%
Age distribution
24.8%
21.7%
22.6%
13.8%
17.1%
Under 1824.8%
18–3421.7%
35–5422.6%
55–6413.8%
65+17.1%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
81.4%
14.3%
White81.4%
Black0.9%
Hispanic14.3%
Asian0.8%
Other2.5%
Education (25+)
29.6%
37.8%
24.7%
No HS diploma7.9%
HS diploma29.6%
Some college37.8%
Bachelor's+24.7%
Housing tenure
64.5%
35.5%
Owner64.5%
Renter35.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 68701 in Norfolk, NE has changed in 5 years

Income
$55,203 → $62,633
up 13.5%
Population
31,155 → 31,417
up 0.8%
Renter share
33.3% → 35.5%
+2.2 pts
Bachelor's+
25.6% → 24.7%
-0.9 pts
Median age
36.7 → 37.6
+0.9 yrs

Local incomes tracked alongside that move, going from a median of $55,203 in 2021 to $62,633 more recently. The renter share has risen from 33.3% to 35.5%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 68701

About renting in ZIP 68701

Last updated: July 20, 2026

ZIP code 68701 covers Norfolk, NE. The median rent here is $1,286/mo as of July 2026. A 1-bedroom rents for a median of $780/mo. A 2-bedroom rents for a median of $1,020/mo.

At 25% of local median household income ($62,633/yr), ZIP 68701 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68701?

As of July 20, 2026, the median monthly rent in ZIP 68701 (Norfolk, NE) is $1,286. This is based on aggregated data from public sources and community submissions.

How does ZIP 68701 rent compare to the US average?

ZIP 68701's median rent of $1,286/mo is $679 (35%) below the US national median of $1,965/mo.

How does ZIP 68701 compare to other ZIPs in Nebraska?

ZIP 68701 is among the more affordable ZIP codes in Nebraska, ranking #40 out of 53 ZIPs at $1,286/mo.

How much income do you need to rent in ZIP 68701?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,286/mo in ZIP 68701. The local median household income is $62,633/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68701?

Rent in ZIP 68701 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 68701 an affordable place to rent?

ZIP 68701 is considered affordable for renters. At $1,286/mo, rent takes approximately 25% of the local median household income ($62,633/yr). The standard benchmark is 30%. ZIP 68701 falls comfortably within that range.

What percentage of ZIP 68701 residents rent vs. own?

According to Census data, approximately 35.5% of ZIP 68701 households are renters, while 64.5% are owner-occupied. ZIP 68701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68701 compare to the rest of Norfolk?

ZIP 68701 sits right at the Norfolk citywide median of $1,286/mo.

When was rent data for ZIP 68701 last updated?

Rent data for ZIP 68701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,286/mo, rent takes ~25% of ZIP 68701's median household income ($62,633/yr). The standard benchmark is 30%.

ZIP 68701 25%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68701 (Norfolk, NE)

Recent submissions

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