Real Estate Investing in Craig, Nebraska (68019)
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Should you buy in 68019 (Craig, NE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Craig, NE (68019)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68019 Craig
ZIP 68019 inside Burt County looks affordable on the surface — median value of $257K — but the discount exists for reasons that a careful buyer should understand before committing.
The 68019 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NE, ZIP 68019 trails on several market indicators that neighboring Burt County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 68019 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Craig:
Market Trends
Home Value History (with trend line)
📊 How Does 68019 Compare?
| Metric | 68019 | Craig | Nebraska |
|---|---|---|---|
| Home Value | $257,059 | $257,059 | $269,423 |
| 5-Year CAGR | 9.9% | 9.9% | 6.7% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68019 (Craig, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $257,059 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +18.5% ▲ |
| 3-Year CAGR | +10.2% ▲ |
| 5-Year CAGR | +9.9% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 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 (3.2%). 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 68019
Population: 441
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
Frequently Asked Questions
How does Craig, NE rate as a rental market?
Craig, NE scores 3.0/5 for investability. Home values sit at $257K and rents near $1,044/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do rentals sit vacant long in Craig, NE?
Rental vacancy in Craig, NE is elevated. Investors should budget normal turnover but not chronic empty units.
What monthly rent should investors expect in Craig, NE?
Average rent in Craig, NE is approximately $1,044/mo per month. Against $257K home values that yields a reasonable rent-to-price ratio.
Is Craig, NE suited for a house hack?
For house hackers, Craig, NE is a challenging. The $1,044/mo rent on a unit helps defray the mortgage on a $257K property.
Are landlord laws favorable in Craig, NE?
Craig, NE operates under NE law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 68019 now. You don’t know where it ranks.
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