Real Estate Investing in Crete, Nebraska (68333)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68333 (Crete, 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 Crete, NE (68333)?
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Market Analysis: 68333 Crete
This part of Saline County is not an easy win. The 68333 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 68333 can be a a viable market for hunting ground — but the discount at $237K reflects genuine risk that outside investors often underestimate.
In the broader NE picture, 68333 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A sturdy renter share of 28% in 68333 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Crete's stable or hybrid ZIPs before stepping into 68333. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Crete:
Property Strategy for 68333
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,065 | $1,020 | 4.0% | +9.4% | $92,532 |
| 3BR | $252,066 | $1,420 | 4.1% | +9.1% | $84,022 |
| 4BR | $296,914 | $1,520 | 3.7% | +8.6% | $74,229 |
Market Trends
Home Value History (with trend line)
📊 How Does 68333 Compare?
| Metric | 68333 | Crete | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $236,761 | $236,761 | N/A | $269,423 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.7% |
| Avg Rent | $918 | $918 | 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 68333 (Crete, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,761 |
| Monthly Rent | $918 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (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 68333
Population: 9,257
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 68333
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are vacancy rates like in Crete, NE?
Vacancy in Crete, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
How strong is tenant demand in Crete, NE?
Working renters make up the core of the Crete, NE tenant base. The pool is reasonable for investors targeting long-term holds.
Does Crete, NE make sense for an investment property?
With a 3.0/5 investability score, Crete, NE ranks as a solid market for rental property investors. Median prices of $237K and rents of $918/mo drive the underlying numbers.
How strict are landlord regulations in Crete, NE?
Crete, NE operates under NE law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What is the typical rental rate in Crete, NE?
The typical rental in Crete, NE commands about $918/mo monthly. That rent profile stable cash flow against the $237K purchase basis.
You know 68333 now. You don’t know where it ranks.
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How 68333 ranks in Lincoln, NE
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