Housing market/Nebraska/ZIP 68701
ZIP 68701 Norfolk, Wayne County, Nebraska
Wayne County, NE · Nebraska. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 68701 · NE — sent to you.
ZIP 68701 · NE
ACS rent vs 2BR SAFMR
ZIP 68701 — Norfolk, NE HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 68701
- 1-unit detached9,19766.6%
- 1-unit attached5333.9%
- 2–4 units7575.5%
- 5–49 units2,40217.4%
- 50+ units4083.0%
- Mobile5093.7%
2–4 unit share 5.5% · 5–49 unit share 17.4% · combined 2–49 22.9%.
Units by bedrooms
Rent burden
- ACS median gross rent $855 (all bedrooms, occupied rentals).
- Median contract rent $716.
- Renters paying ≥30% of income 35.1%; ≥50% 14.9%.
- FY2027 2BR SAFMR $1,110 (1.298× ACS median gross rent).
Population
31,172 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 11 projects, 458 units.
- HUD project-based assisted MF: 9 properties, 431 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 68701 33.6% of occupied households are renters; vacancy is 7.3%; ACS median gross rent is $855; population increased +2.1% between the 2018 and 2023 ACS vintages; the housing stock includes 757 units in 2–4-unit structures and 2,402 units in 5–49-unit structures; 11 LIHTC projects totaling 458 units; FY2027 2BR SAFMR is $1,110 versus ACS median gross rent of $855. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Nebraska research
ZIP 68701 is a Census / HUD profile for Wayne County, NE. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 68701 — Norfolk, NE HUD Section 8 Payment Standards / SAFMR·Nebraska ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Nebraska research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 68701?
ZIP 68701 (Wayne County, NE) has 31,172 residents, 12,795 households, a renter share of 33.6%, median household income of $64,862, and ACS 2023 median gross rent of $855. Vacancy is 7.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 68701?
ACS counts 401 units in 2-unit buildings, 356 in 3–4 unit buildings, 748 in 5–9, 714 in 10–19, and 940 in 20–49. Combined 2–49 unit stock is 3,159 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 68701?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,110. See the full schedule and 90–110% payment-standard band on the ZIP 68701 — Norfolk, NE HUD Section 8 Payment Standards / SAFMR.
Does this Nebraska ZIP profile include Georgia listings?
No. ZIP 68701 is Census / HUD research for Wayne County, NE. Jeff Crowe CRE does not list Nebraska property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.