Real Estate Investing in Waco, Nebraska (68460)
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Should you buy in 68460 (Waco, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
• 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 Waco, NE (68460)?
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Market Analysis: 68460 Waco
ZIP 68460 in Waco, NE carries a notable set of headwinds. Home values near $321K and rents of $945/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 68460 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Waco have seen price recovery that 68460 has not matched. York data supports the view that the spread is structural rather than temporary.
The demographic picture in 68460 includes headwinds that any investor should price in. Income distribution skews lower than Waco averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 68460, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Waco:
Market Trends
Home Value History (with trend line)
📊 How Does 68460 Compare?
| Metric | 68460 | Waco | Nebraska |
|---|---|---|---|
| Home Value | $321,455 | $321,455 | $269,423 |
| 5-Year CAGR | 3.8% | 3.8% | 6.7% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68460 (Waco, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,455 |
| Monthly Rent | $945 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.3%). 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 68460
Population: 665
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are home prices like in Waco, NE?
Median home price in Waco, NE is near $321K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How strong is tenant demand in Waco, NE?
Working renters make up the core of the Waco, NE tenant base. The pool is reasonable for investors targeting long-term holds.
What monthly rent should investors expect in Waco, NE?
Average rent in Waco, NE is approximately $945/mo per month. Against $321K home values that yields a reasonable rent-to-price ratio.
Is NE a landlord-friendly state?
Landlord-friendliness in Waco, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can owner-occupants cash flow in Waco, NE?
Waco, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $321K price point reasonable to enter.
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