The 69101 zip code in North Platte tops our ranking of the most affordable places to live in Nebraska.
We looked at 60 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.
Top 10 most affordable places to live in Nebraska
| Rank | City | Affordability Score | Median home value | Rental costs |
|---|---|---|---|---|
| 1 | North Platte 🥇 | 100.0 | $192,411 | $981 |
| 2 | Lexington 🥈 | 99.4 | $187,413 | $1,369 |
| 3 | Scottsbluff 🥉 | 97.2 | $172,267 | $1,369 |
| 4 | Gering | 97.0 | $192,176 | $1,369 |
| 5 | Hastings | 96.2 | $187,822 | $1,369 |
| 6 | Omaha | 93.6 | $174,876 | $1,369 |
| 7 | South Sioux City | 93.0 | $205,148 | $1,369 |
| 8 | Beatrice | 91.0 | $174,413 | $1,369 |
| 9 | Lincoln | 90.5 | $229,311 | $955 |
| 10 | Plattsmouth | 88.9 | $283,474 | $1,063 |
Buy in Nebraska and get cash back
Get matched with a top agent in North Platte or any other affordable place in the state. Compare your money-saving options until you find the perfect fit, or walk away with no obligation.
1. North Platte
Here's why the 69101 zip code in North Platte is Nebraska's most affordable place to live.
🔎 Key data about North Platte
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 100.0 | No. 1 | N/A |
| Median home value | $192,411[1] | No. 13 | -$83,343.96 |
| Home affordability ratio | 3.2 | No. 12 | -0.4 |
| Home value five-year change | 33.8%[2] | No. 1 | -8.5% |
| Home value one-year forecast | -0.4%[3] | No. 1 | -1.3% |
| Rental costs | $981[4] | No. 3 | -$389 |
| Rent affordability ratio | 1.61% | No. 18 | -0.1% |
| Median household income | $60,724[5] | No. 46 | -$16,872 |
| Property taxes | $2,780[6] | No. 17 | -$1,210 |
| Energy costs | kWh[7] | No. | $0.00 |
North Platte's 69101 zip code is the cheapest place to live in Nebraska, leading the 60 markets we evaluated.
The median home value is $192,411, making it the 13th-cheapest housing market in the state. Forecasts project a -0.4% change in home values in the next year. Rent in the zip code averages $981 per month, which is the 18th cheapest amount in Nebraska.
The median property tax for homeowners in North Platte is $2,780 per household, the No. 17 ranked market in Nebraska.
Residents pay per kWh of electricity, which ranks No. among Nebraska markets.
2. Lexington
The 68850 zip code is the 2nd-cheapest place to live in Nebraska.
🔎 Key data about Lexington
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 99.4 | No. 2 | N/A |
| Median home value | $187,413[8] | No. 9 | -$88,341.69 |
| Home affordability ratio | 2.802438078 | No. 2 | -0.8 |
| Home value five-year change | 0.4453741591[9] | No. 36 | 2.2% |
| Home value one-year forecast | 0.7%[10] | No. 8 | -0.2% |
| Rental costs | $1,369[11] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 66875[12] | No. 34 | -$10,721 |
| Property taxes | $1,879[13] | No. 2 | -$2,111 |
| Energy costs | kWh[14] | No. | $0.00 |
Lexington's 68850 zip code has a median home value of $187,413, which is the 8th-cheapest housing market in Nebraska. You can rent for an average of $1,369 per month. That's the 23rd-cheapest price in the state.
The average household income in the zip code is 66875, which ranks 34th-highest in the state.
Homeowners in Lexington pay a median property tax of $1,879 per year, making it the 2nd-most affordable market in Nebraska.
Lexington ranks No. among Nebraska energy markets. You'll pay per kWh of electricity.
3. Scottsbluff
The 3rd-cheapest place to live in Nebraska is Scottsbluff's 69361 zip code.
🔎 Key data about Scottsbluff
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 97.2 | No. 3 | N/A |
| Median home value | $172,267[15] | No. 3 | -$103,487.79 |
| Home affordability ratio | 3.012291791 | No. 7 | -0.5 |
| Home value five-year change | 0.422316668[16] | No. 23 | -0.1% |
| Home value one-year forecast | 0.9%[17] | No. 20 | 0.0% |
| Rental costs | $1,369[18] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 57188[19] | No. 50 | -$20,408 |
| Property taxes | $2,388[20] | No. 6 | -$1,602 |
| Energy costs | kWh[21] | No. | $0.00 |
The No. 3 cheapest housing market in Nebraska is Scottsbluff's 69361 zip code, with a median home value of $172,267. Rents in the market average $1,369 per month, making it the 23rd-most affordable rental market in the state.
The median property tax for households in Scottsbluff is $2,388, which makes it the 6th-cheapest place in Nebraska. Scottsbluff ranks No. among Nebraska markets by energy costs. Residents pay per kWh of electricity.
4. Gering
The 69341 zip code in Gering comes in at No. 4 on our list of the cheapest places to live in Nebraska.
🔎 Key data about Gering
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 97.0 | No. 4 | N/A |
| Median home value | $192,176[22] | No. 12 | -$83,578.47 |
| Home affordability ratio | 2.922832842 | No. 4 | -0.6 |
| Home value five-year change | 0.4153514538[23] | No. 20 | -0.8% |
| Home value one-year forecast | 0.9%[24] | No. 20 | 0.0% |
| Rental costs | $1,369[25] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 65750[26] | No. 37 | -$11,846 |
| Property taxes | $2,680[27] | No. 12 | -$1,310 |
| Energy costs | kWh[28] | No. | $0.00 |
The No. 12 cheapest housing market in Nebraska is Gering's 69341 zip code, where the median home value is $192,176. Renters here pay an average of $1,369 per month.
When it comes to energy costs, Gering ranks th among Nebraska markets. Residents pay per kWh of electricity.
The median property tax for households in the zip code is $2,680, which makes it the 12th-cheapest market in Nebraska.
5. Hastings
The 68901 zip code in Hastings ranks No. 5 among Nebraska's most affordable places to live.
🔎 Key data about Hastings
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 96.2 | No. 5 | N/A |
| Median home value | $187,822[29] | No. 10 | -$87,932.96 |
| Home affordability ratio | 3.152482793 | No. 11 | -0.4 |
| Home value five-year change | 0.3923044676[30] | No. 14 | -3.1% |
| Home value one-year forecast | 0.2%[31] | No. 4 | -0.7% |
| Rental costs | $1,369[32] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 59579[33] | No. 47 | -$18,017 |
| Property taxes | $2,736[34] | No. 15 | -$1,254 |
| Energy costs | kWh[35] | No. | $0.00 |
Hastings's 68901 zip code has a median home value of $187,822, the 10th-cheapest market in the state. Forecasts project a 0.2% change in home values in the next year.
The median property tax per household in Hastings is $2,736. It's the 15th-cheapest market by tax rate in Nebraska.
6. Omaha
The No. 6 most affordable place to live in Nebraska is the 68107 zip code.
🔎 Key data about Omaha
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 93.6 | No. 6 | N/A |
| Median home value | $174,876[36] | No. 5 | -$100,879.18 |
| Home affordability ratio | 3.080964608 | No. 10 | -0.5 |
| Home value five-year change | 0.5702944846[37] | No. 58 | 14.7% |
| Home value one-year forecast | 1.2%[38] | No. 47 | 0.3% |
| Rental costs | $1,369[39] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 56760[40] | No. 51 | -$20,836 |
| Property taxes | $2,396[41] | No. 7 | -$1,594 |
| Energy costs | kWh[42] | No. | $0.00 |
The back half of our top 10 kicks off with Omaha's 68107 zip code, which has the 5th-cheapest home values in Nebraska. The median home value is $174,876. Rents average $1,369 per month, making it the 23rd-most affordable rental market in the state.
Residents pay per kWh of electricity. It's the th-cheapest energy market.
7. South Sioux City
South Sioux City's 68776 zip code is the 7th-cheapest place to live in Nebraska.
🔎 Key data about South Sioux City
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 93.0 | No. 7 | N/A |
| Median home value | $205,148[43] | No. 15 | -$70,606.58 |
| Home affordability ratio | 3.312955661 | No. 17 | -0.2 |
| Home value five-year change | 0.4591464109[44] | No. 43 | 3.6% |
| Home value one-year forecast | 0.3%[45] | No. 5 | -0.6% |
| Rental costs | $1,369[46] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 61923[47] | No. 44 | -$15,673 |
| Property taxes | $2,693[48] | No. 13 | -$1,297 |
| Energy costs | kWh[49] | No. | $0.00 |
You'll find the 15th-cheapest home values in Nebraska in South Sioux City's 68776 zip code. The median value: $205,148. Renters in South Sioux City pay an average of $1,369 per month.
Homeowners in South Sioux City pay a median property tax of $2,693 per year, which is Nebraska's 13th-most affordable market.
The average household income is 61923, which ranks 44th-highest in the state.
8. Beatrice
The 8th-cheapest place to live in Nebraska is Beatrice's 68310 zip code.
🔎 Key data about Beatrice
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 91.0 | No. 8 | N/A |
| Median home value | $174,413[50] | No. 4 | -$101,341.39 |
| Home affordability ratio | 3.232510668 | No. 14 | -0.3 |
| Home value five-year change | 0.5602357683[51] | No. 57 | 13.7% |
| Home value one-year forecast | 1.8%[52] | No. 60 | 0.9% |
| Rental costs | $1,369[53] | No. 23 | $0 |
| Rent affordability ratio | 1.76% | No. 22 | 0.0% |
| Median household income | 53956[54] | No. 53 | -$23,640 |
| Property taxes | $2,421[55] | No. 8 | -$1,569 |
| Energy costs | kWh[56] | No. | $0.00 |
The 4th-cheapest housing market in Nebraska is Beatrice's 68310 zip code, with a median home value of $174,413. Renters pay an average of $1,369 per month, the No. 23 rental market in the state.
The median property tax for households in Beatrice is $2,421, which makes it the 8th-cheapest place in Nebraska. The average household income of 53956 ranks 53rd.
9. Lincoln
Lincoln's 68502 zip code sneaks into the top ten of Nebraska's most affordable places to live.
🔎 Key data about Lincoln
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 90.5 | No. 9 | N/A |
| Median home value | $229,311[57] | No. 19 | -$46,443.65 |
| Home affordability ratio | 3.594668263 | No. 33 | 0.0 |
| Home value five-year change | 0.4385777434[58] | No. 33 | 1.5% |
| Home value one-year forecast | 0.8%[59] | No. 16 | -0.1% |
| Rental costs | $955[60] | No. 2 | -$414 |
| Rent affordability ratio | 1.50% | No. 13 | -0.3% |
| Median household income | 63792[61] | No. 40 | -$13,804 |
| Property taxes | $3,321[62] | No. 25 | -$669 |
| Energy costs | kWh[63] | No. | $0.00 |
The 19th-cheapest housing market in Nebraska is Lincoln's 68502 zip code, where the median home value is $229,311. Renters pay an average of $955 per month. It's the state's 2nd-cheapest rental market.
The median property tax for households within the zip code is $3,321, which makes it the 25th-cheapest property tax rate in Nebraska.
10. Plattsmouth
The final spot on our list of the most affordable places to live in Nebraska goes to the 68048 zip code in Plattsmouth.
🔎 Key data about Plattsmouth
| Data point | Value | Rank (out of 60 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 88.9 | No. 10 | N/A |
| Median home value | $283,474[64] | No. 40 | $7,719.73 |
| Home affordability ratio | 3.452080108 | No. 28 | -0.1 |
| Home value five-year change | 0.4337873657[65] | No. 31 | 1.0% |
| Home value one-year forecast | 1%[66] | No. 26 | 0.1% |
| Rental costs | $1,063[67] | No. 5 | -$306 |
| Rent affordability ratio | 1.29% | No. 4 | -0.5% |
| Median household income | 82117[68] | No. 18 | $4,521 |
| Property taxes | $3,737[69] | No. 34 | -$253 |
| Energy costs | kWh[70] | No. | $0.00 |
The 40th-most affordable market in Nebraska is Plattsmouth's 68048 zip code. The median home value is $283,474. Rent in the market costs $1,063 per month on average, making it the 5th-most affordable rental market in Nebraska.
The median property tax for households in Plattsmouth is $3,737, which is the 34th-cheapest property tax rate in the state.
Plattsmouth ranks No. among Nebraska markets by energy costs, with households paying per kWh of electricity.
How we ranked the most affordable places in Nebraska
We evaluated 60 zip codes in Nebraska with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings.
Our proprietary Affordability Score is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the affordability of a particular zip code. It takes into account these key data points for each zip code.
- Median home value: The median home value for each zip code comes from the Zillow Home Value Index. The lower the median home value relative to the median value in Nebraska, the higher our score on this component. We assign a weight of 23.8% to median home value.
- Home affordability ratio. The home affordability ratio is the typical median home value divided by the median household income in the zip code, which reveals the number of years of household income needed to afford a home in that zip code. A lower ratio is better because it means more households can afford a home. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 23.8% to the home affordability ratio.
- Home value five-year change: The home value five-year change is the amount that the median home value in the zip code has risen or fallen during the last five years. Our data comes from the Zillow Home Value Index. We assign a weight of 4.8% to the home value five-year change.
- Home value one-year forecast: The home value one-year forecast comes from Zillow Forecast data. It projects how much home values in the zip code are forecasted to change in the next year. We assign a weight of 4.8% to the home value one-year forecast.
- Rental costs. The rental costs are the observed rents in the zip code, sourced from the Zillow Observed Rent Index. The index includes "listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region." We assign a weight of 11.9% to rental costs.
- Median household income: The inflation-adjusted median household income figures for the zip code comes from the U.S. Census American Community Survey. We assign a weight of 4.8% to median household income.
- Rent affordability ratio. The rent affordability ratio is the ratio of rental costs divided by median household income, which provides the percentage of household income needed to pay a typical month’s rent in the zip code. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 11.9% to the rent affordability ratio.
- Property taxes: The property tax figures are the median real estate taxes paid in the zip code, sourced from the U.S. Census American Community Survey. The lower the property tax rate relative to the Nebraska average, the higher our score on this component. We assign a weight of 7.1% to property taxes.
- Energy costs: The energy costs are the costs of a kilowatt hour (kWh) of residential electricity in the zip code, sourced from the U.S. Department of Energy. The lower the cost of electricity relative to the Nebraska average, the higher our score on this component. We assign a weight of 7.1% to energy costs.
✍️ Editor’s note: Our Affordability Score identifies the most affordable places in a state by zip code. Often the zip code we identify will represent an entire city or portion of a city.
Occasionally the zip code we identify will encompass an area that includes one or more small towns. In these cases, the data we’ve gathered applies to the entire zip code, not just the single town we’re using to help identify the zip code's location.
If you’re looking to move to one of these affordable places, we recommend doing additional research to make sure the costs in the area — and the quality of life it offers — meet your specific needs.
