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LNKinsights - Lincoln, Nebraska

68503: Real estate transfer rate, Homeowner vs Rental

68503 is a zip code in North Lincoln, Lancaster County, Nebraska, and has a population of 15,264. Some notable landmarks are the University of Nebraska – Lincoln East Campus, the International Quilt Center, and Wyuka Cemetery. The median home value in this zip code is $96,200. The majority of houses in this zip code were constructed in 1939 or earlier. A huge number of households in this zip code are rental. Below is a map showing the boundaries of the 68503 zip code, and some notable locations in the area.

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This is a bar graph of the Real Estate Transfer by year. Homeowner VS Rental. Since 2017 the number of real estate transfers between ownerships has greatly increased. As well as the number of rentals purchased every year as they are almost surpassing blue (the homeowners).

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LNKinsights 2024

This is data that we have collected and constructed into graphs.  All of our data is from public records.

 

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LNKinsights 2024

This is a Pie chart showing the percentages of Homeowners vs Rentals.

68503 is comparable in size to 68504 however has a much larger percentage of single-family houses that are currently rentals. This is concerning as this zip code is an area that many choose for a starter home.

55.1% Homeowner: Counting only single-family homes.

40.8% Rental: This number only includes single-family houses. No duplexes, apartment buildings, or commercial properties.

4.1% Regained: This number represents the amount of rental houses that come up for sale and regain the Homeowner status.

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LNKinsights 2024

Investigating who the rental owners are, we broke the numbers down.

56.1% Individual Sole Proprietor: These are people who own anywhere from a few properties to 10+ properties in their full legal name.

36.4% Entities: These are LLCs (Limited Liability Companies), Incorporated Businesses, and city/county housing authority properties.

7.5% Trusts: Only those who own multiple properties, or have different mailing addresses are counted. Individuals who have put their own house in a trust are not counted.

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