LNK Housing

68504: Real estate transfer rate, Homeowner vs Rental

Written by Emma | Jun 13, 2024 1:49:48 AM

68504 is a zip code in North Lincoln, Lancaster County, Nebraska, and has a population of 16,444. Some notable landmarks are University Place, Wesleyan University. The median home value in this zip code is $104,300. The majority of houses in this zip code were constructed 1960s-1990s. A large number of households in this zip code are rented. Below is a map showing the border of zip code 68504 and some recognizable landmarks in this zip code.

This is a bar graph of the Real Estate Transfer by year. Homeowner VS Rental. Since 2018 the number of real estate transferring between ownerships has greatly increased.

 

LNKinsights 2024

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

 

LNKinsights 2024

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

Although these numbers are pretty good, and comparable to zip code 68503 which is similar size… This zip code is only 400 less rentals than 68503. This could easily be obtained by 10-20 investors buying 20-40 houses each.

69.3% Homeowner: Counting only single-family homes.

28.1% Rental: This number is only including single family houses. No duplex’s, apartment buildings, or commercial properties.

2.6% Regained: This number represents the amount of rental houses that come up for sale and regain the Homeowner status.

LNKinsights 2024

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

44.4% Individual Sole Proprietor: These are people who own anywhere from a few properties to 10+ properties in their full legal name.

40.0% Entities: These are LLCs (Limited Liability Companies), Incorporated Businesses, and city/county housing authority properties.

15.6% 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.