Cortland, NE—68331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cortland, NE
As of Oct '25, the median home price in Cortland, NE is $317,000, with a year-over-year change of 4.3%. This indicates that home prices in Cortland, NE are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 4.3% |
| Single Family | $317,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $266,000 | 5.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cortland, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Cortland, NE is 55. This is a decrease of -79.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -65.0% |
Listing Count | 1 | -37.0% |
| Listings as % of Homes | 1.5% | -37.0% |
Days on Market | 55 | -79.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Cortland, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $317,000 |
| Median Household Income | $99,800 |