Real Estate Investing in Martell, Nebraska (68404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68404 (Martell, 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 46.2 — 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 Martell, NE (68404)?
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Market Analysis: 68404 Martell
From an investor standpoint, ZIP 68404 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $548K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $548K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68404 is substantial and deserves full respect.
Nearby ZIPs in Martell have seen price recovery that 68404 has not matched. Lancaster County data supports the view that the spread is structural rather than temporary.
From a cash-flow lens, 1,048 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.
Experienced landlords with local relationships tend to find 68404 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 Martell:
Market Trends
Home Value History (with trend line)
📊 How Does 68404 Compare?
| Metric | 68404 | Martell | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $548,265 | $548,265 | N/A | $269,423 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68404 (Martell, 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 | $548,265 |
| Monthly Rent | $990 |
| Price-to-Rent | 46.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.4%). 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 68404
Population: 1,048
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
🎓 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
Does Martell, NE make sense for an investment property?
The 3.0/5 investability rating in Martell, NE reflects its $548K prices and $990/mo rents. Investors generally consider it a solid option within NE.
How expensive is real estate in Martell, NE?
The median home value in Martell, NE is roughly $548K. That puts it reasonable relative to the NE statewide average.
Is vacancy a concern in Martell, NE?
Rental vacancy in Martell, NE is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Martell, NE?
Martell, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $990/mo rent level.
Which investment style suits Martell, NE?
A careful cash-flow rentals with hands-on management strategy Martell, NE best. The market produces even-keeled results for that approach at the $548K price point.
You know 68404 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68404 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 68404 ranks in Lincoln, NE
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