Real Estate Investing in Murray, Nebraska (68409)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68409 (Murray, 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.
• 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 Murray, NE (68409)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68409 Murray
ZIP 68409 inside Cass County looks affordable on the surface — median value of $299K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68409 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NE picture, 68409 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 68409 includes headwinds that any investor should price in. Income distribution skews lower than Murray averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 68409 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 Murray:
Market Trends
Home Value History (with trend line)
📊 How Does 68409 Compare?
| Metric | 68409 | Murray | Nebraska |
|---|---|---|---|
| Home Value | $298,821 | $298,821 | $269,423 |
| 5-Year CAGR | 5.8% | 5.8% | 6.7% |
| Avg Rent | $1,224 | $1,224 | - |
| 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 68409 (Murray, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,821 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 68409
Population: 656
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 68409
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 Murray, NE better for rentals, flips, or BRRRR?
For Murray, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is it easy to find good tenants in Murray, NE?
Tenant demand in Murray, NE is solid. The local workforce $1,224/mo rents across most rental classes.
How much do tenants pay in Murray, NE?
Expect rents around $1,224/mo per month in Murray, NE. With home values at $299K, the yield math works out to reasonable levels for rental investors.
What is it like being a landlord in Murray, NE?
NE law landlord-friendly for landlords, and Murray inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of market is Murray, NE for investors?
Investors tracking Murray, NE will find a 3.0/5 rating supported by $299K median home values and $1,224/mo rents. That profile suits long-term holders targeting stable returns.
You know 68409 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68409 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 68409 ranks in Omaha-Council Bluffs, NE-IA
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