Real Estate Investing in Palmyra, Nebraska (68418)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68418 (Palmyra, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palmyra, NE (68418)?
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Market Analysis: 68418 Palmyra
The 68418 ZIP in Palmyra, NE is a local-operator market. Outside capital chasing a $350K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $350K asset, 68418 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 68418 sits on the difficult end of the NE spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 68418 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 68418 is an operator game, not a passive one. Put differently, entry prices of $350K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Palmyra:
Property Strategy for 68418
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,057 | $1,380 | 4.4% | +9.8% | $112,029 |
| 3BR | $317,789 | $1,840 | 4.2% | +8.0% | $105,930 |
Market Trends
Home Value History (with trend line)
📊 How Does 68418 Compare?
| Metric | 68418 | Palmyra | Nebraska |
|---|---|---|---|
| Home Value | $349,757 | $349,757 | $269,423 |
| 5-Year CAGR | 7.6% | 7.6% | 6.7% |
| Avg Rent | $1,242 | $1,242 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 68418 (Palmyra, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $349,757 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.8%). 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 68418
Population: 1,201
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 68418
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 is the best play in Palmyra, NE?
For Palmyra, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Where do rents currently stand in Palmyra, NE?
The typical rental in Palmyra, NE commands about $1,242/mo monthly. That rent profile stable cash flow against the $350K purchase basis.
Is Palmyra, NE a good market for FHA house hackers?
Palmyra, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,242/mo rent level.
What are home prices like in Palmyra, NE?
The median home value in Palmyra, NE is roughly $350K. That puts it reasonable relative to the NE statewide average.
What is the rental occupancy rate in Palmyra, NE?
Palmyra, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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