Real Estate Investing in Milligan, Nebraska (68406)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68406 (Milligan, 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.
- High vacancy: 29.2% of homes vacant — above national norms.
• 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 Milligan, NE (68406)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68406 Milligan
Not every below-median market is a bargain. Milligan's 68406 ZIP registers signals that favor experienced operators who can absorb the risk $175K pricing implies.
Looking more closely, the numbers look inviting — $175K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68406 is substantial and deserves full respect.
The gap between 68406 and stronger Milligan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 68406 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 68406 is an operator game, not a passive one. Turning to rents, entry prices of $175K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Milligan:
Market Trends
Home Value History (with trend line)
📊 How Does 68406 Compare?
| Metric | 68406 | Milligan | Nebraska |
|---|---|---|---|
| Home Value | $175,167 | $175,167 | $269,423 |
| 5-Year CAGR | 5.3% | 5.3% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 68406 (Milligan, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68406 (Milligan, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $175,167 |
| Monthly Rent | $864 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.9%). 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 68406
Population: 451
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 68406
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
Is Milligan, NE a good market for buy-and-hold investors?
Our data puts Milligan, NE at 3.0/5 for investability. Home prices of $175K and rents around $864/mo create a solid backdrop for investor activity.
How much is rent in Milligan, NE?
Rents in Milligan, NE run near $864/mo. Compared with median home prices of $175K that produces solid gross yields for typical rentals.
Where do home prices stand in Milligan, NE?
Milligan, NE median home values land near $175K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
Does Milligan, NE favor landlords or tenants?
Milligan, NE operates under NE law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Which investment style suits Milligan, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Milligan, NE. With home values at $175K and rents near $864/mo, other strategies can work but produce stable rather than outsized returns.
You know 68406 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68406 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.
AI Market Advisor
Ask questions about investing in 68406 (Milligan)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68406 (Milligan, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.