Real Estate Investing in Benedict, Nebraska (68316)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68316 (Benedict, 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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• 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 Benedict, NE (68316)?
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Market Analysis: 68316 Benedict
The 68316 ZIP in Benedict, NE is a local-operator market. Outside capital chasing a $239K entry has to pair deep knowledge with the discount.
Rent of $864/mo on a $239K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68316 sits below the stated 0.0% once reality is priced in.
In the broader NE picture, 68316 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 68316 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 68316 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Benedict:
Market Trends
Home Value History (with trend line)
📊 How Does 68316 Compare?
| Metric | 68316 | Benedict | Nebraska |
|---|---|---|---|
| Home Value | $238,985 | $238,985 | $269,423 |
| 5-Year CAGR | 3.1% | 3.1% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68316 (Benedict, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,985 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.8%). 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 68316
Population: 502
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Benedict, NE?
Benedict, NE median home values land near $239K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
How do landlord-tenant laws work in Benedict, NE?
NE ranks as a landlord-friendly state for landlord-tenant law. Benedict generally follows the statewide framework, so landlords face reasonable operating rules.
What is the renter demographic in Benedict, NE?
Benedict, NE offers a even-keeled renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do landlords face vacancy issues in Benedict, NE?
Rental vacancy in Benedict, NE is elevated. Investors should budget normal turnover but not chronic empty units.
Does a duplex house hack pencil in Benedict, NE?
For house hackers, Benedict, NE is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $239K property.
You know 68316 now. You don’t know where it ranks.
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