The story of this market
The typical home in ZIP 68407 sells for about $178,600, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,045 a month.
ZIP 68407 — Murray
The housing market in 68407 is characterized by low inventory and stable, modest price appreciation consistent with rural Cass County trends. Sales volume is extremely limited due to the small population size, and the market remains balanced with little speculative activity. Figures for specific metrics like active listings and days on market are based on limited local sample sizes.
This area is best suited for families and individuals seeking a quiet, rural small-town lifestyle with affordability compared to the Omaha urban core.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 3.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68407, Cass County NE
Property taxes are assessed at the county level in Cass County, Nebraska, based on local mill levies applied to the assessed value of real property.
Residents typically commute by personal vehicle to employment centers in the Omaha metropolitan area.
Local recreation is limited to small-town community parks and rural outdoor access within the immediate vicinity of Murdock.
The rental market is small and primarily composed of single-family homes with low turnover and limited institutional investor presence.
The local economy is primarily agricultural and service-oriented, with most residents commuting to the broader Omaha-Council Bluffs metropolitan area for employment.
Parcels are subject to Cass County property tax levies and local school district assessments.
Data retrieved from Census Bureau ZCTA-level tables.
Local public green space serving the village residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.