Real Estate Investing in Salem, Nebraska (68433)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68433 (Salem, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 52.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
- Lower household income: $35,417 median — tenant affordability is tighter.
• 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 Salem, NE (68433)?
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Market Analysis: 68433 Salem
Investors eyeing 68433 need to respect the fundamentals at play. Home values of $124K come alongside slower price movement and elevated management overhead.
The investment case in 68433 is durable only for operators who understand what they are buying. A $124K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 68433 sits on the difficult end of the NE spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 68433 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 68433 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Salem:
Market Trends
Home Value History (with trend line)
📊 How Does 68433 Compare?
| Metric | 68433 | Salem | Nebraska |
|---|---|---|---|
| Home Value | $124,341 | $124,341 | $269,423 |
| 5-Year CAGR | 0.0% | 0.0% | 6.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 5.5% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68433 (Salem, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $124,341 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (5.5%). 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 68433
Population: 220
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 high is vacancy risk in Salem, NE?
Salem, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
Are homes affordable in Salem, NE?
Typical homes in Salem, NE go for around $124K. The 5-year CAGR of 0.0% steady price movement.
How strong are rents in Salem, NE?
Expect rents around $873/mo per month in Salem, NE. With home values at $124K, the yield math works out to reasonable levels for rental investors.
Are eviction rules reasonable in Salem, NE?
Rental owners in Salem, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Salem, NE real estate?
For Salem, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
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