Real Estate Investing in Fairmont, Nebraska (68354)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68354 (Fairmont, 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.
• 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 Fairmont, NE (68354)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68354 Fairmont
ZIP 68354 inside Fillmore County looks affordable on the surface — median value of $177K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68354 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 68354 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 68354 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 68354 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fairmont:
Property Strategy for 68354
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,614 | $960 | 5.3% | +8.8% | $65,307 |
| 3BR | $182,627 | $1,270 | 5.0% | +8.1% | $60,876 |
Market Trends
Home Value History (with trend line)
📊 How Does 68354 Compare?
| Metric | 68354 | Fairmont | Nebraska |
|---|---|---|---|
| Home Value | $177,034 | $177,034 | $269,423 |
| 5-Year CAGR | 7.4% | 7.4% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 68354 (Fairmont, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,034 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.8%). 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 68354
Population: 803
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 68354
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.
Frequently Asked Questions
How much should I expect to pay for a home in Fairmont, NE?
Typical homes in Fairmont, NE go for around $177K. The 5-year CAGR of 0.0% reliable price movement.
Which investment style suits Fairmont, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Fairmont, NE. With home values at $177K and rents near $864/mo, other strategies can work but produce stable rather than outsized returns.
How much is rent in Fairmont, NE?
Fairmont, NE rentals go for roughly $864/mo a month. That puts gross yield in solid territory relative to $177K acquisition costs.
Are eviction rules reasonable in Fairmont, NE?
Fairmont, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Fairmont, NE?
House hacking works a challenging in Fairmont, NE. Rents of $864/mo against $177K acquisition make the strategy solid for owner-occupants.
You know 68354 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68354 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.
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