Real Estate Investing in Blair, Nebraska (68008)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68008 (Blair, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Blair, NE (68008)?
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Market Analysis: 68008 Blair
Investors eyeing 68008 need to respect the fundamentals at play. Home values of $357K come alongside slower price movement and elevated management overhead.
The 68008 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 68008 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From an investor standpoint, 12,906 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 68008 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Blair:
Property Strategy for 68008
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $246,575 | $1,160 | 3.4% | +7.3% | $123,287 |
| 3BR | $328,112 | $1,540 | 3.4% | +6.8% | $109,371 |
| 4BR | $446,541 | $1,730 | 2.8% | +7.1% | $111,635 |
| 5BR | $549,513 | — | — | +7.0% | $109,903 |
Market Trends
Home Value History (with trend line)
📊 How Does 68008 Compare?
| Metric | 68008 | Blair | Nebraska |
|---|---|---|---|
| Home Value | $356,972 | $356,972 | $269,423 |
| 5-Year CAGR | 5.4% | 5.4% | 6.7% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68008 (Blair, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $356,972 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68008
Population: 12,906
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 68008
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is vacancy a concern in Blair, NE?
Rental vacancy in Blair, NE is elevated. Investors should budget normal turnover but not chronic empty units.
How strong are rents in Blair, NE?
The typical rental in Blair, NE commands about $1,044/mo monthly. That rent profile consistent cash flow against the $357K purchase basis.
How deep is the rental pool in Blair, NE?
Expect a solid tenant pool in Blair, NE. The rental market absorbs $1,044/mo rents without meaningful friction.
What does house hacking look like in Blair, NE?
The a challenging house-hack environment in Blair, NE reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is real estate in Blair, NE a good investment right now?
Blair, NE rates 3.0/5 for investability. With median values at $357K and rents near $1,044/mo, the market offers reasonable fundamentals for rental investors.
You know 68008 now. You don’t know where it ranks.
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How 68008 ranks in Omaha-Council Bluffs, NE-IA
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