| ZIP Code | 68402 |
|---|---|
| City | Malcolm |
| State | Nebraska (NE) |
| County | Lancaster County |
| Area Code | 402 |
| Elevation | 1,389 ft |
| Latitude | 40.908279 |
|---|---|
| Longitude | -96.85711 |
| Timezone | Chicago (DST) |
| FIPS | 31109 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.4 yrs |
|---|---|
| Avg Household Size | 2.75 |
| Below Poverty | 4.3% ▼ 57% below avg |
| College Grads | 64.1% ▲ 65% above avg |
| Unemployment | 1.8% ▼ 63% below avg |
| No HS Diploma | 5 (0.6%) |
| HS Graduate | 96 (11.9%) |
| Some College | 57 (7.1%) |
| Associates | 132 (16.3%) |
| Bachelors | 98 (12.1%) |
| Graduate Degree | 420 (52%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $119,904 ▲ 57% above avg ↑ 49% since 2019 |
|---|---|
| Median Home Value | $430,800 ▲ 55% above avg ↑ 69% since 2019 |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Median Rent | $927/mo |
| Total Units | 493 |
| Vacant Units | 26 |
| Avg HH Size | 2.75 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 493 |
|---|---|
| Vacant | 26 |
| Owner Occupied | 84.8% |
| Renter Occupied | 15.2% |
| Avg HH Size | 2.75 |
ZIP code 68402 is located in Malcolm, Nebraska, within Lancaster County. With a population of 1,282, this is a sparsely populated ZIP code with a middle-aged community — the median age is 39.4 years. Economically, 68402 is a upper-middle-income ZIP code: the median household income of $119,904 is significantly above the national average.
Real estate in ZIP code 68402 represents a premium housing market. The median home value of $430,800 is significantly above the national average. Renters can expect to pay around $927 per month in median rent. Homeownership is strong here — 84.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 69% since 2019.
The population of 68402 is primarily White (99.22%). Residents are highly educated — 64.1% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.3%. Household income has grown by 49% since 2019.
The unemployment rate in 68402 stands at 1.8%, which is well below the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 68402 in Malcolm, NE is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 1,282 residents, a median household income of $119,904, and a median home value of $430,800, it offers a clear picture of life in this part of Nebraska.