Real Estate Investing in Cortland, Nebraska (68331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68331 (Cortland, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cortland, NE (68331)?
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Market Analysis: 68331 Cortland
Not every below-median market is a bargain. Cortland's 68331 ZIP shows signals that favor experienced operators who can absorb the risk $327K pricing implies.
Rent of $1,251/mo on a $327K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68331 sits below the stated 0.0% once reality is priced in.
Within NE, ZIP 68331 trails on several market indicators that neighboring Gage County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Meanwhile, 1,072 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.
leans 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 Cortland:
Market Trends
Home Value History (with trend line)
📊 How Does 68331 Compare?
| Metric | 68331 | Cortland | Beatrice, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $326,765 | $326,765 | N/A | $269,423 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.7% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68331 (Cortland, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $326,765 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.0%). 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 68331
Population: 1,072
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
Do landlords face vacancy issues in Cortland, NE?
Occupancy in Cortland, NE runs consistent with elevated vacancy. Well-priced units at $1,251/mo lease on reasonable timelines.
How landlord-friendly is Cortland, NE?
NE law landlord-friendly for landlords, and Cortland inherits those rules. Investors should still review local ordinances for rental licensing.
Which investment style suits Cortland, NE?
In Cortland, NE the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $327K prices and $1,251/mo rents suits that approach.
Is Cortland, NE suited for a house hack?
House hacking works a challenging in Cortland, NE. Rents of $1,251/mo against $327K acquisition make the strategy solid for owner-occupants.
Is Cortland, NE a smart market for rental property?
Yes - Cortland, NE a 3.0/5 investability score. With $327K home prices against $1,251/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 68331 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68331 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 68331 ranks in Beatrice, NE
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