Real Estate Investing in Milford, Nebraska (68405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68405 (Milford, NE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.0 — 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 Milford, NE (68405)?
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Market Analysis: 68405 Milford
Stepping back, ZIP 68405 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $322K median. It rewards specialists, not generalists.
Rent of $864/mo on a $322K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68405 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Milford have seen price recovery that 68405 has not matched. Seward County data supports the view that the spread is structural rather than temporary.
Resident income in 68405 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 68405 is an operator game, not a passive one. Stepping back, entry prices of $322K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Milford:
Property Strategy for 68405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $221,425 | $960 | 3.1% | +6.6% | $110,712 |
| 3BR | $296,358 | $1,340 | 3.3% | +7.1% | $98,786 |
| 4BR | $331,073 | $1,440 | 3.1% | +7.7% | $82,768 |
Market Trends
Home Value History (with trend line)
📊 How Does 68405 Compare?
| Metric | 68405 | Milford | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $321,508 | $321,508 | N/A | $269,423 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 68405 (Milford, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,508 |
| Monthly Rent | $864 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.1%). 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 68405
Population: 3,511
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 68405
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 kind of market is Milford, NE for investors?
Milford, NE rates 3.0/5 for investability. With median values at $322K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
Are landlord laws favorable in Milford, NE?
For rental operators, Milford, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Milford, NE better for rentals, flips, or BRRRR?
The best-fit strategy in Milford, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How viable is house hacking in Milford, NE?
Milford, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $322K price point reasonable to enter.
Are rents high in Milford, NE?
Rental rates in Milford, NE average $864/mo. Tenant demand and $322K home values make the yield look reasonable by investor standards.
You know 68405 now. You don’t know where it ranks.
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How 68405 ranks in Lincoln, NE
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