Real Estate Investing in Herman, Nebraska (68029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68029 (Herman, NE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.3 — hard to cash-flow at these prices.
• 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 Herman, NE (68029)?
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Market Analysis: 68029 Herman
Investors eyeing 68029 need to respect the fundamentals at play. Home values of $399K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68029 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NE, ZIP 68029 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 68029 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 68029 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Herman:
Market Trends
Home Value History (with trend line)
📊 How Does 68029 Compare?
| Metric | 68029 | Herman | Nebraska |
|---|---|---|---|
| Home Value | $399,031 | $399,031 | $269,423 |
| 5-Year CAGR | 7.8% | 7.8% | 6.7% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68029 (Herman, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $399,031 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.1%). 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 68029
Population: 814
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
What do landlords charge for rent in Herman, NE?
The typical rental in Herman, NE commands about $1,062/mo monthly. That rent profile stable cash flow against the $399K purchase basis.
How deep is the rental pool in Herman, NE?
Herman, NE draws a consistent base of working renters. Demand at the $1,062/mo rent level is reasonable for standard single-family and small multi rentals.
Is Herman, NE a good market for buy-and-hold investors?
Herman, NE scores 3.0/5 for investability. Home values sit at $399K and rents near $1,062/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical vacancy rate in Herman, NE?
Expect elevated vacancy in Herman, NE. Rents at $1,062/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Herman, NE?
The a challenging house-hack environment in Herman, NE reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 68029 now. You don’t know where it ranks.
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