Real Estate Investing in Raymond, Nebraska (68428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68428 (Raymond, NE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 35.9 — 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 Raymond, NE (68428)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68428 Raymond
Looking more closely, ZIP 68428 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $593K median. It rewards specialists, not generalists.
For an experienced owner, 68428 can be a an appealing option for hunting ground — but the discount at $593K reflects genuine risk that outside investors often underestimate.
Within NE, ZIP 68428 trails on several market indicators that neighboring Lancaster County submarkets outperform. The gap is real and robust enough to shape underwriting.
The 68428 ZIP's population of 1,370 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 68428 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 Raymond:
Property Strategy for 68428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $461,295 | $1,530 | 2.4% | +6.8% | $230,647 |
| 3BR | $540,356 | $2,140 | 2.9% | +6.7% | $180,119 |
Market Trends
Home Value History (with trend line)
📊 How Does 68428 Compare?
| Metric | 68428 | Raymond | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $593,060 | $593,060 | N/A | $269,423 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.7% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 68428 (Raymond, NE). Anonymous, moderated, never written by AI.
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Property managers serving Lancaster County
Manage rentals here? List your business →Kabredlo's Property offers apartment homes for rent in Nebraska and Iowa. summary from their website
Four Corners Property Management, LLC welcomes you home. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $593,060 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 35.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 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 (1.8%). 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 68428
Population: 1,370
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 68428
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
Investor Insight: With 3,458 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Raymond, NE a smart market for rental property?
With a 3.0/5 investability score, Raymond, NE ranks as a solid market for rental property investors. Median prices of $593K and rents of $1,377/mo drive the underlying numbers.
What are vacancy rates like in Raymond, NE?
Vacancy in Raymond, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,377/mo.
How strong are rents in Raymond, NE?
The typical rental in Raymond, NE commands about $1,377/mo monthly. That rent profile predictable cash flow against the $593K purchase basis.
Does house hacking make sense in Raymond, NE?
House hacking in Raymond, NE is reasonable to execute. Prices around $593K and rents of $1,377/mo solid owner-occupant economics.
What type of investing works in Raymond, NE?
A careful cash-flow rentals with hands-on management strategy Raymond, NE best. The market produces measured results for that approach at the $593K price point.
You know 68428 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68428 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 68428 ranks in Lincoln, NE
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