Real Estate Investing in Plymouth, Nebraska (68424)
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Should you buy in 68424 (Plymouth, 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: 15.9% 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 Plymouth, NE (68424)?
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Market Analysis: 68424 Plymouth
ZIP 68424 in Plymouth, NE carries a impressive set of headwinds. Home values near $203K and rents of $1,098/mo sit inside a market where underwriting has to be tight.
The 68424 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 68424 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 747 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.
Strategically, 68424 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Plymouth:
Market Trends
Home Value History (with trend line)
📊 How Does 68424 Compare?
| Metric | 68424 | Plymouth | Nebraska |
|---|---|---|---|
| Home Value | $203,443 | $203,443 | $269,423 |
| 5-Year CAGR | 5.7% | 5.7% | 6.7% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68424 (Plymouth, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,443 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (4.2%). 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 68424
Population: 747
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
Frequently Asked Questions
How strong are rents in Plymouth, NE?
The typical rental in Plymouth, NE commands about $1,098/mo monthly. That rent profile reliable cash flow against the $203K purchase basis.
What real estate strategy is ideal for Plymouth, NE?
For Plymouth, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Plymouth, NE rate as a rental market?
Plymouth, NE scores 3.0/5 for investability. Home values sit at $203K and rents near $1,098/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of tenants rent in Plymouth, NE?
Plymouth, NE offers a consistent renter base at the $1,098/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much does a house cost in Plymouth, NE?
In Plymouth, NE the median home value sits at $203K. Against the broader NE market, that reads as reasonable for most investors.
You know 68424 now. You don’t know where it ranks.
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