Real Estate Investing in Lincoln, Nebraska (68506)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68506 (Lincoln, 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.
What’s happening in Lincoln, NE (68506)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68506 Lincoln
The 68506 ZIP in Lincoln, NE is a local-operator market. Outside capital chasing a $287K entry has to pair deep knowledge with the discount.
Rent of $1,320/mo on a $287K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68506 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 68506 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 68506 ZIP's population of 27,909 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The 68506 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lincoln:
Property Strategy for 68506
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $170,598 | $990 | 4.2% | +7.0% | $170,598 |
| 2BR | $219,918 | $1,220 | 4.0% | +7.0% | $109,959 |
| 3BR | $284,553 | $1,700 | 4.3% | +6.6% | $94,851 |
| 4BR | $379,201 | $1,830 | 3.5% | +6.5% | $94,800 |
| 5BR | $431,419 | — | — | +6.2% | $86,284 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68506 Compare?
| Metric | 68506 | Lincoln | Lincoln, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $286,528 | $275,140 | N/A | $269,423 |
| 5-Year CAGR | 5.1% | 5.0% | N/A | 6.7% |
| Avg Rent | $1,320 | $1,312 | N/A | - |
| Cap Rate | 3.6% | 3.2% | - | - |
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 68506 (Lincoln, 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 | $286,528 |
| Monthly Rent | $1,320 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 68506
Population: 27,909
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 68506
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 2,763 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Lincoln, NE?
Lincoln, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($287K prices, $1,320/mo rents) make it a reasonable choice.
Is Lincoln, NE landlord-friendly?
The landlord environment in Lincoln, NE is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the tenant pool like in Lincoln, NE?
Working renters make up the core of the Lincoln, NE tenant base. The pool is reasonable for investors targeting long-term holds.
How viable is house hacking in Lincoln, NE?
Lincoln, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,320/mo rent level.
How quickly do rentals get leased in Lincoln, NE?
Lincoln, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
You know 68506 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68506 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 68506 ranks in Lincoln, NE
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