Real Estate Investing in Malcolm, Nebraska (68402)
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Should you buy in 68402 (Malcolm, NE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 43.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Malcolm, NE (68402)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68402 Malcolm
ZIP 68402 in Malcolm, NE carries a solid set of headwinds. Home values near $528K and rents of $1,017/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $528K asset, 68402 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 68402 sits on the difficult end of the NE spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 68402 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 68402, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Malcolm:
Market Trends
Home Value History (with trend line)
📊 How Does 68402 Compare?
| Metric | 68402 | Malcolm | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $527,599 | $527,599 | N/A | $269,423 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.7% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68402 (Malcolm, NE). Anonymous, moderated, never written by AI.
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Property managers serving Lancaster County
Manage rentals here? List your business →Kabredlo's Property offers apartment homes for rent in Nebraska and Iowa. summary from their website
Four Corners Property Management, LLC welcomes you home. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $527,599 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 43.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (1.5%). 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 68402
Population: 1,282
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 68402
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
Investor Insight: With 3,458 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Malcolm, NE for real estate investors?
Malcolm, NE scores 3.0/5 for investability. Home values sit at $528K and rents near $1,017/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are renters plentiful in Malcolm, NE?
Working renters make up the core of the Malcolm, NE tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Malcolm, NE?
Expect rents around $1,017/mo per month in Malcolm, NE. With home values at $528K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in Malcolm, NE?
Rental vacancy in Malcolm, NE is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking make sense in Malcolm, NE?
House hacking in Malcolm, NE is reasonable to execute. Prices around $528K and rents of $1,017/mo solid owner-occupant economics.
You know 68402 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68402 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 68402 ranks in Lincoln, NE
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