Real Estate Investing in Friend, Nebraska (68359)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68359 (Friend, 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 Friend, NE (68359)?
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Market Analysis: 68359 Friend
Investors eyeing 68359 need to respect the fundamentals at play. Home values of $230K come alongside slower price movement and elevated management overhead.
The investment case in 68359 is impressive only for operators who understand what they are buying. A $230K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 68359 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 68359 ZIP's population of 1,512 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The right play in 68359 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Friend:
Property Strategy for 68359
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,056 | $1,040 | 4.5% | +7.4% | $83,028 |
| 3BR | $220,939 | $1,440 | 4.7% | +7.4% | $73,646 |
| 4BR | $243,939 | $1,560 | 4.6% | +7.3% | $60,985 |
Market Trends
Home Value History (with trend line)
📊 How Does 68359 Compare?
| Metric | 68359 | Friend | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $230,096 | $230,096 | N/A | $269,423 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68359 (Friend, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,096 |
| Monthly Rent | $936 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.2%). 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 68359
Population: 1,512
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 68359
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
What is the average home sale price in Friend, NE?
Typical homes in Friend, NE go for around $230K. The 5-year CAGR of 0.0% predictable price movement.
What type of investing works in Friend, NE?
A careful cash-flow rentals with hands-on management strategy Friend, NE best. The market produces reliable results for that approach at the $230K price point.
Are tenants stable in Friend, NE?
Friend, NE draws a even-keeled base of working renters. Demand at the $936/mo rent level is reasonable for standard single-family and small multi rentals.
Is Friend, NE good for landlords?
Friend, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How does Friend, NE rate as a rental market?
Friend, NE rates 3.0/5 for investability. With median values at $230K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
You know 68359 now. You don’t know where it ranks.
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How 68359 ranks in Lincoln, NE
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