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Neighborhood Profile

ZIP Code 68402 — Malcolm, NE

A snapshot of the people, housing, and geography behind the postal code 68402. A sparsely populated rural ZIP in Lancaster, Nebraska.

Population
1,240
Median income
$93,558
Median home value
$365,300
Median rent
$872/mo

About ZIP 68402

ZIP code 68402 serves Malcolm in Lancaster, Nebraska. It centers near 40.9091°, -96.8600° and, by population, qualifies as a sparsely populated rural ZIP. Roughly 1,240 people are estimated to live within its boundaries based on the U.S. Census Bureau's American Community Survey 5-Year Estimates (2018–2022).

The median household earns about $93,558 per year here. The typical owner-occupied home is valued near $365,300, and asking rents on the open market sit around $872 per month. Compared to the rest of Nebraska, that makes 68402 significantly more expensive than typical for the state. Looking at the entire state, the average ZIP code reports a median income closer to $63,194 and a median home value of $139,308.

The median resident is around 42.0 years old, and roughly 19.7% of the population holds at least a bachelor's degree. Unemployment estimates from the same Census release put the share of unemployed adults around 1.5% of the total population (the labor-force-only rate is higher, since not every resident is counted as "in the labor force").

Cost of living read

If you're considering a move into 68402, the most useful exercise is to compare the housing math against your current ZIP. Here, a typical home runs $365,300 and a typical rental runs $872 a month. Translate that into your own budget:

  • At a 7% 30-year mortgage with 20% down, financing the median home here lands monthly principal & interest near $1,944 — before property tax, insurance, or HOA dues.
  • Renting the median unit at $872/mo costs roughly $10,464 per year, or about 11.2% of the local median household income.
  • For movers from substantially cheaper or more expensive metros, the home-value gap (+$225,992 versus the state average of $139,308) is often the single biggest line item to plan for.

Who lives here

The age and education profile of a ZIP tells you a lot about what daily life feels like there. With a median age of 42.0 and a population of 1,240, ZIP 68402 reads as a settled, working-age and family-heavy area.

Geography & nearby ZIPs

This ZIP centers at 40.9091, -96.8600. The eight closest neighboring ZIP codes are listed below — useful if you're scoping out the surrounding area, comparing schools, or just want a feel for the broader neighborhood than this one boundary captures.

68501 Lincoln, NE 68428 Raymond, NE 68529 Lincoln, NE 68524 Lincoln, NE 68360 Garland, NE 68532 Lincoln, NE 68423 Pleasant Dale, NE 68528 Lincoln, NE

How to use this profile

Treat ZipLocal Guide as a starting point — never the final word — when you're researching a relocation. The Census ACS data on this page are reliable medians for the ZIP code tabulation area, but they tell you nothing about which side of the freeway you should live on, which streets the local high schoolers actually walk to school, or how the neighborhood has changed since the 2022 estimate window. For those, walk the area, talk to people on the street, and verify your assumptions with a local agent or community group.

If you find this neighborhood interesting, the easiest next step is to view all ZIPs in Malcolm or browse the rest of Nebraska.