ZIP Code · NE

ZIP 68850

Part of Lexington, NE

Pop. 12,428·Dawson County·31st most expensive ZIP in Nebraska

Median rent (all units)

$1,316/mo

Year-over-Year

Stable

Month-over-Month

-0.2%

vs US Median

-$616

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68850 · $1,316

More affordable than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$720

1 BR

$920

2 BR

$1,040

3 BR

$1,320

4 BR+

$1,380

Research median

$1,040/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($69,238) is $1,731 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,380).

From Zillow's monthly rent index (ZORI) for ZIP 68850. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,792/yr

At $1,316/mo median

Location

CityLexington

StateNE

CountyDawson County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 68850 (Lexington, NE) is majority owner-occupied, has a large share of families with children, 14.9% of residents hold a bachelor's degree or higher.

Population

12,428

Median income

$69,238

Median age

Renters

40.5%

Age distribution

33.2%

21.6%

26.9%

Under 1833.2%

18–3421.6%

35–5426.9%

55–648.2%

65+10.1%

Gender

52.7%

47.3%

Male52.7%

Female47.3%

Race & ethnicity

31.8%

13.6%

60.6%

White31.8%

Black13.6%

Hispanic60.6%

Asian1.1%

Education (25+)

36.4%

26.5%

22.2%

14.9%

No HS diploma36.4%

HS diploma26.5%

Some college22.2%

Bachelor's+14.9%

Housing tenure

59.5%

40.5%

Owner59.5%

Renter40.5%

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

2021 vs 2026

How ZIP 68850 in Lexington, NE has changed in 5 years

Income

$57,848 → $69,238

up 19.7%

Population

12,171 → 12,428

up 2.1%

Renter share

41.2% → 40.5%

-0.7 pts

Bachelor's+

14.8% → 14.9%

+0.1 pts

Median age

31.2 → 32

+0.8 yrs

Census figures show median household income at $69,238 today, compared with $57,848 five years earlier. Census counts show ZIP 68850 in Lexington, NE adding about 257 residents over the five-year window, up 2.1% on net.

Community

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Local insights

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About renting in ZIP 68850

Last updated: September 25, 2026

ZIP code 68850 covers Lexington, NE. The median rent here is $1,316/mo as of September 2026. A 1-bedroom rents for a median of $920/mo. A 2-bedroom rents for a median of $1,040/mo.

At 23% of local median household income ($69,238/yr), ZIP 68850 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68850?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,316/mo in ZIP 68850. The local median household income is $69,238/yr, so the typical household meets that bar.