Milford, NE · standard
ZIP Code 68405
Seward County, Nebraska - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 3,257
- 16/sq mi Moderate-density area
- $75,250
- Median income Near-median income area
- $244,600
- Median home value Near-median home value
- 26.6%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Milford pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 45%
- household income, US ZIPs
- Top 44%
- home value, US ZIPs
- 16
- people per sq mi
- 65%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 68405 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 68405 (Milford, NE) rose +41.2% from 2023 to 2024. The all-transactions index moved from 228.5 in 2023 to 322.6 in 2024 (2000 = 100).
ZIP code 68405 covers 204.8 square miles in Milford, Seward County, Nebraska (a standard USPS delivery area), with a modest 3,257 residents on file, a density of 16 people per square mile, in the Chicago time zone.
ZIP 68405 lands in the middle-income range, with a median household income of $75,250 (2% below the average Nebraska ZIP), while per-capita income is $36,613. The poverty rate is 6.6%, with unemployment at 4.1%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $244,600 (31% above the average Nebraska ZIP), while 65.0% of occupied homes are owner-occupied and median rent is $890.
Educational attainment sits below the national norm: 26.6% of adults hold a bachelor's degree or higher, the median age is 35.7, and the average commute is 20 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Seward County, so 68405 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 68405
Top 5 sectors by establishment count in Milford, NE
Which industries have the most business establishments in ZIP 68405.
- Construction
Construction
26 establishments
- Other services (except public administration)
Other services (except public administration)
17 establishments
- Retail trade
Retail trade
11 establishments
- Finance and insurance 9
Finance and insurance
9 establishments
- Accommodation and food services 8
Accommodation and food services
8 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 68405, Milford, NE · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
3,257
Population
204.8
Area (sq mi)
16
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 68405?
35.7
Median Age
53.7%
Male
46.3%
Female
1.6%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$75,250
Median Household Income
-2% vs state ZIP avg
$36,613
Per Capita Income
6.6%
Poverty Rate
4.1%
Unemployment Rate
19.6 min
Mean Commute Time
How ZIP 68405 ranks among Nebraska ZIPs
Milford, NE household income vs. every Nebraska ZIP code
Median household income among 556 reporting Nebraska ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$75,250 Top 45% higher than 55% of 556 Nebraska ZIPs
Each bar is a $20K-wide band; taller bars hold more Nebraska ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,453housing units
1,453
Total Housing Units
1,367
Occupied Units
86
Vacant Units
2.38
Avg Household Size
Occupancy Type
$244,600
Median Home Value
+31% vs state ZIP avg
$890
Median Rent
1964
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+41.2%
YoY Change (2024)
323
HPI Index (2000 = 100)
+223%
Total Change Since 2000
Home values in ZIP 68405 have increased 41.2% over the past year (2024). Since 2000, this ZIP has seen +223% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -0.9% | 179 |
| 2021 | +15.6% | 207 |
| 2022 | +6.3% | 220 |
| 2023 | +3.9% | 228 |
| 2024 | +41.2% | 323 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 113 business establishments in ZIP 68405, employing approximately 700 people with a combined annual payroll of $35,584,000.
113
Businesses
700
Employees
$35.6M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 26 | 23.0% |
| Other services (except public administration) | 17 | 15.0% |
| Retail trade | 11 | 9.7% |
| Finance and insurance | 9 | 8.0% |
| Accommodation and food services | 8 | 7.1% |
| Administrative and support and waste management and remediation services | 7 | 6.2% |
| Health care and social assistance | 7 | 6.2% |
| Wholesale trade | 6 | 5.3% |
| Transportation and warehousing | 5 | 4.4% |
| Professional, scientific, and technical services | 5 | 4.4% |
| Agriculture, forestry, fishing and hunting | 4 | 3.5% |
| Real estate and rental and leasing | 4 | 3.5% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 68405 vs 68423 →
ZIP 68405 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 68434
Seward (68434)
8,576 residents
- 68333
Crete (68333)
8,327 residents
- 68405 3,257
Milford (68405)
3,257 residents
- 68343 1,050
Dorchester (68343)
1,050 residents
- 68423 898
Pleasant Dale (68423)
898 residents
- 68364 142
Goehner (68364)
142 residents
What this shows Among its immediate neighbors, ZIP 68405 ranks #3 by population - useful context the national average alone can't give.
ZIP 68405 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 68423
Pleasant Dale (68423)
$101,250 median income
- 68364
Goehner (68364)
$96,767 median income
- 68434
Seward (68434)
$81,466 median income
- 68333
Crete (68333)
$81,083 median income
- 68405
Milford (68405)
$75,250 median income
- 68343
Dorchester (68343)
$74,554 median income
What this shows By household income, ZIP 68405 ranks #5 of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 68405, both outside NE so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (3,257 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Seward County
Related Areas
Frequently Asked Questions
What county is ZIP code 68405 in?
ZIP code 68405 (Milford) is located in Seward County, Nebraska. Seward County contains multiple ZIP codes, see the full list at /counties/seward-ne.
What is the population of ZIP code 68405?
ZIP code 68405 in Milford, NE has a population of 3,257 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 68405?
The median household income in ZIP 68405 is $75,250, which is 1% below the national average of $76,288.
What is the average home value in ZIP 68405?
The median home value in ZIP 68405 is $244,600, which is 12% below the national average of $278,155.
What is the demographic makeup of ZIP 68405?
The largest racial group in ZIP 68405 is White at 92.6%. Hispanic or Latino residents make up 1.8% of the population.
How many businesses are in ZIP code 68405?
ZIP code 68405 has 113 business establishments employing approximately 700 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 68405?
The top industries by establishment count in ZIP 68405 are: Construction (26), Other services (except public administration) (17), Retail trade (11). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 68405?
According to the FHFA House Price Index, home values in ZIP 68405 increased by 41.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 223%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 68405?
In ZIP code 68405, 52.6% of residents aged 25+ have a high school diploma or higher, and 26.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 68405?
The mean commute time for workers in ZIP code 68405 is 19.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 68405?
In ZIP code 68405, approximately 65.0% of occupied housing units are owner-occupied and 35.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 68405?
The poverty rate in ZIP code 68405 is 6.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 68405's numbers, next.
- See how ZIP 68405 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Milford, NE ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.