Real Estate Investing in Clarks, Nebraska (68628)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68628 (Clarks, 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 vacancy: 34.9% 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 Clarks, NE (68628)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68628 Clarks
From a cash-flow lens, ZIP 68628 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $310K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $310K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68628 is substantial and deserves full respect.
Looking more closely, 68628 offers a low basis, the region around Clarks has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 68628 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 68628 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 Clarks:
Market Trends
Home Value History (with trend line)
📊 How Does 68628 Compare?
| Metric | 68628 | Clarks | Grand Island, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $309,799 | $309,799 | N/A | $269,423 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 6.7% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68628 (Clarks, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $309,799 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.6%). 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 68628
Population: 844
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 68628
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.
Frequently Asked Questions
Is Clarks, NE a good place for real estate investing?
Our data puts Clarks, NE at 3.0/5 for investability. Home prices of $310K and rents around $1,044/mo create a solid backdrop for investor activity.
How expensive is real estate in Clarks, NE?
Clarks, NE median home values land near $310K. That is reasonable territory for investors looking at $1,044/mo-per-month rentals.
How do experienced investors play Clarks, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Clarks, NE. With home values at $310K and rents near $1,044/mo, other strategies can work but produce consistent rather than outsized returns.
How strong is tenant demand in Clarks, NE?
Tenant quality in Clarks, NE ranks as solid. Landlords generally report consistent occupancy at market rents of $1,044/mo.
How much is rent in Clarks, NE?
Rent in Clarks, NE is around $1,044/mo. The resulting rent-to-value relationship with $310K pricing is reasonable for most investor models.
You know 68628 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68628 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.
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