Cortland, NE 68331 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cortland, NE—68331

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$314,000

4.0% YoY Growth

Household Income

$99,800

70.4% YoY Growth

Days on Market

N/A

Home Price Forecast

2.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cortland, NE

As of Dec '25, the median home price in Cortland, NE is $314,000, with a year-over-year change of 4.0%. This indicates that home prices in Cortland, NE are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$314,000	4.0%
Single Family	$314,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cortland, NE

Cortland, NE lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

12.5%

2 Bedrooms

50.0%

3 Bedrooms

37.5%

Property Listings — Cortland, NE

Cortland, NE lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	1.5%	N/A
Days on Market	N/A	N/A

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Demographics — Cortland, NE

As of the latest ACS Survey released in 2023, Cortland, NE has a population of 1,070, which has increased by 3.4% over the past 5 years. Cortland, NE is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,070	3.4%
% Under 18	26.6%	-22.2%
% Seniors	18.2%	52.9%
% WFH	13.7%	114.1%
% w/ College Degree	24.5%	-19.1%

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As of the latest ACS Survey released in 2023, Cortland, NE is a predominantly white area, with 80.9% of the population identifying as white. The white population has shrunk by 13.2% in the last 5 years. The second most common race or ethnicity in Cortland, NE is hispanic, making up 11.8% of the population. Foreign-born residents account for 0.3% of the population in Cortland, NE, and this percentage has decreased by 95.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	80.9%	-13.2%
% Black	6.1%	1,120.0%
% Hispanic	11.8%	126.9%
% Asian	0.0%	-100.0%
% Foreign Born	0.3%	-95.4%

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Mortgage and Risk — Cortland, NE

According to HUD data as of 2023, there were 47 mortgage originations in Cortland, NE, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Cortland, NE. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	47
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	6.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Cortland, NE

Cortland, NE lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$900
2 Bedroom	N/A	N/A	$1,160
3 Bedroom	N/A	N/A	$1,460
4 Bedroom	N/A	N/A	$1,640

Cortland, NE—68331

Key Metrics at a Glance

Home Price Trends — Cortland, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cortland, NE

% of Rental Stock

Property Listings — Cortland, NE

Demographics — Cortland, NE

Race and Ethnicity

Mortgage and Risk — Cortland, NE

Mortgages

Rentals and Section 8 — Cortland, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Cortland, NE

Home Price to Income Ratio

Cortland, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Pickrell, NE

Firth, NE

Clatonia, NE

Hallam, NE

Martell, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$314,000
Median Household Income	$99,800

Cortland, NE—68331

Key Metrics at a Glance

Home Price Trends — Cortland, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cortland, NE

% of Rental Stock

Property Listings — Cortland, NE

Demographics — Cortland, NE

Race and Ethnicity

Mortgage and Risk — Cortland, NE

Mortgages

Rentals and Section 8 — Cortland, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Cortland, NE

Home Price to Income Ratio

Cortland, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Pickrell, NE

Firth, NE

Clatonia, NE

Hallam, NE

Martell, NE

Frequently Asked Questions

What is the average home price in Cortland, NE 68331?

How have home prices in Cortland, NE 68331 changed over the past year?

What is the home price projection for Cortland, NE 68331?

What are the demographics of Cortland, NE 68331?

How long does it take homes to sell in Cortland, NE 68331?

What is the average rent price in Cortland, NE 68331?