Conversely, the renter percentage in zip code 68941 has decreased from 29% in 2013 to 17% in 2022. Despite this decline in the renter population, average rent prices have shown volatility. In 2013, the average rent was $797, which increased to a peak of $1,096 in 2018 before declining to $694 in 2022. This fluctuation in rent prices, particularly the recent decrease, may be attributed to the declining renter population and the area's overall population stability, which has remained around 630-640 residents in recent years.

Looking at the most recent data, the average home price in zip code 68941 reached $206,214 in 2023 and further increased to $212,853 in 2024. This continued upward trend in home values occurs despite the significant rise in federal interest rates, which stood at 5.02% in 2023 and 5.33% in 2024. These figures suggest a robust local housing market that has maintained growth even in the face of higher borrowing costs.

Applying predictive models to forecast 5-year trends, we anticipate that average home prices in zip code 68941 will continue to rise, albeit at a potentially slower rate due to the higher interest rate environment. We project that by 2029, average home prices could reach approximately $240,000 to $250,000. Rent prices, which have shown more volatility, are expected to stabilize and potentially increase moderately, reaching an estimated range of $750 to $800 by 2029.

In summary, zip code 68941 has demonstrated a strong trend towards increased homeownership and rising property values over the past decade. The area has shown resilience in its housing market, with continued price appreciation even in the face of rising interest rates. The decline in the renter population, coupled with fluctuating rent prices, suggests a shifting dynamic in the local housing landscape. As the community moves forward, it will be crucial to monitor how these trends evolve, particularly in response to broader economic conditions and demographic changes.