Real Estate Investing in Lancaster County, Nebraska

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

33 ZIP codes • Population: 321,580

Should you buy in Lancaster County, NE? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (61/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (46/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Lancaster County, NE?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $413,898
Avg Monthly Rent $1,239
ZIP Codes 33

Investing in Lancaster County Real Estate

Lancaster County (NE) covers 33 ZIPs and 14 municipalities. firmly the fundamentals here skew distressed, and both rent and price trends have been lackluster across most of the geography.

The investment case for Lancaster County is difficult to make on screen data alone. less favorable for a 2.9 rating and cap rates that appear attractive only until real vacancy is underwritten.

Lancaster County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Lancaster County, NE. Anonymous, moderated, never written by AI.

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Property managers serving Lancaster County

Manage rentals here? List your business →

Kabredlo's Property offers apartment homes for rent in Nebraska and Iowa. summary from their website

Small multifamily
Unclaimed β€” is this your business? Claim it free

Four Corners Property Management, LLC welcomes you home. summary from their website

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Unclaimed β€” is this your business? Claim it free

Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$413,898
Avg Monthly Rent
$1,239
1% Rule
βœ— Below
Landlord Friendly (NE)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Lincoln, NE metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
45%
Days Pending
0/2
31 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Lancaster County

11 Colleges 37,201 Students 3,458 Off-Campus Renters
B
University of Nebraska-Lincoln
4-Year Public Β· 23,986 students
πŸ“ ~695 students rent off-campus
C+
College of Hair Design-Downtown
2-Year For-Profit Β· 72 students
C+
College of Hair Design-East Campus
2-Year For-Profit Β· 116 students
C
Southeast Community College Area
2-Year Public Β· 9,799 students
πŸ“ ~2,763 students rent off-campus
C
Nebraska Wesleyan University
4-Year Private Β· 1,690 students
C
Bryan College of Health Sciences
4-Year Private Β· 746 students
C
Union Adventist University
4-Year Private Β· 635 students
C
Joseph's College Cosmetology
2-Year For-Profit Β· 98 students
D
Entourage Institute of Beauty and Esthetics
2-Year For-Profit Β· 49 students
D
University of Nebraska-Central Administration System Office
4-Year Public Β· 0 students
F
Myotherapy Institute
2-Year For-Profit Β· 10 students

Investor Insight: With 3,458 students living off-campus, Lancaster County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Lancaster County

ZIP Codes in Lancaster County, NE

68516 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 47,389
Avg Home $393,483
Avg Rent $1,517/mo
68521 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 38,386
Avg Home $289,550
Avg Rent $1,524/mo
68506 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 27,909
Avg Home $286,528
Avg Rent $1,320/mo
68502 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 25,571
Avg Home $242,965
Avg Rent $915/mo
68510 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 19,534
Avg Home $260,089
Avg Rent $1,109/mo
68505 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 18,185
Avg Home $267,180
Avg Rent $1,359/mo
68508 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 17,444
Avg Home $217,924
Avg Rent $798/mo
68504 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 17,396
Avg Home $225,123
Avg Rent $1,184/mo
68507 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 16,481
Avg Home $251,868
Avg Rent $1,589/mo
68503 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 15,625
Avg Home $202,557
Avg Rent $1,249/mo
68522 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 14,330
Avg Home $282,092
Avg Rent $1,328/mo
68512 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 13,668
Avg Home $352,144
Avg Rent $1,495/mo
68526 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 7,767
Avg Home $469,445
Avg Rent $1,432/mo
68528 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 6,955
Avg Home $291,689
Avg Rent $1,575/mo
68524 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 6,049
Avg Home $261,404
Avg Rent $945/mo
68462 β˜… β˜… β˜… β˜… β˜…
Waverly
Population 4,864
Avg Home $352,927
Avg Rent $1,008/mo
68372 β˜… β˜… β˜… β˜… β˜…
Hickman
Population 4,187
Avg Home $389,595
Avg Rent $1,404/mo
68520 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 2,491
Avg Home $624,493
Avg Rent $1,607/mo
68527 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 2,238
Avg Home $528,396
Avg Rent $1,116/mo
68317 β˜… β˜… β˜… β˜… β˜…
Bennet
Population 1,963
Avg Home $413,137
Avg Rent $1,152/mo
68523 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 1,951
Avg Home $511,458
Avg Rent $2,000/mo
68430 β˜… β˜… β˜… β˜… β˜…
Roca
Population 1,661
Avg Home $617,750
Avg Rent $1,338/mo
68358 β˜… β˜… β˜… β˜… β˜…
Firth
Population 1,660
Avg Home $484,793
Avg Rent $963/mo
68428 β˜… β˜… β˜… β˜… β˜…
Raymond
Population 1,370
Avg Home $593,060
Avg Rent $1,377/mo
68402 β˜… β˜… β˜… β˜… β˜…
Malcolm
Population 1,282
Avg Home $527,599
Avg Rent $1,017/mo
68404 β˜… β˜… β˜… β˜… β˜…
Martell
Population 1,048
Avg Home $548,265
Avg Rent $990/mo
68339 β˜… β˜… β˜… β˜… β˜…
Denton
Population 993
Avg Home $625,690
Avg Rent $918/mo
68461 β˜… β˜… β˜… β˜… β˜…
Walton
Population 732
Avg Home $758,356
Avg Rent $1,269/mo
68532 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 728
Avg Home $598,744
Avg Rent $1,197/mo
68336 β˜… β˜… β˜… β˜… β˜…
Davey
Population 631
Avg Home $490,219
Avg Rent $1,098/mo
68517 β˜… β˜… β˜… β˜… β˜…
Lincoln
Population 462
Avg Home $596,518
Avg Rent $990/mo
68368 β˜… β˜… β˜… β˜… β˜…
Hallam
Population 407
Avg Home $426,947
Avg Rent $972/mo
68419 β˜… β˜… β˜… β˜… β˜…
Panama
Population 223
Avg Home $276,635
Avg Rent $1,143/mo

Screen every market in Lancaster County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Lancaster County

What is the typical vacancy rate in, NE?

Vacancy risk in, NE is elevated. That supports consistent cash flow for typical rental holds.

What is the typical rental rate in, NE?

Rents in, NE run near $1,239/mo. Compared with median home prices of $414K that produces solid gross yields for typical rentals.

How qualified is the tenant pool in, NE?

Tenant quality in, NE ranks as solid. Landlords generally report measured occupancy at market rents of $1,239/mo.

Is investability higher in, NE than across NE?

, NE measures broadly in line with the NE state benchmark. Investors should treat statewide figures as a reference, not a substitute for local data.

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