Real Estate Investing in Newman Grove, Nebraska (68758)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68758 (Newman Grove, 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.
- High vacancy: 13.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Newman Grove, NE (68758)?
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Market Analysis: 68758 Newman Grove
Not every below-median market is a bargain. Newman Grove's 68758 ZIP comes in at signals that favor experienced operators who can absorb the risk $207K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $207K asset, 68758 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Newman Grove have seen price recovery that 68758 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
On balance, 1,307 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 68758 is an operator game, not a passive one. On balance, entry prices of $207K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Newman Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 68758 Compare?
| Metric | 68758 | Newman Grove | Norfolk, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $207,310 | $207,310 | N/A | $269,423 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68758 (Newman Grove, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,310 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +12.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.3%). 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 68758
Population: 1,307
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 68758
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
What are vacancy rates like in Newman Grove, NE?
Vacancy in Newman Grove, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
Are renters plentiful in Newman Grove, NE?
Newman Grove, NE draws a stable base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
How much do tenants pay in Newman Grove, NE?
Rent in Newman Grove, NE is around $864/mo. The resulting rent-to-value relationship with $207K pricing is reasonable for most investor models.
How viable is house hacking in Newman Grove, NE?
House hacking in Newman Grove, NE is a challenging. With home values around $207K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
Is real estate in Newman Grove, NE a good investment right now?
Newman Grove, NE scores 3.0/5 for investability. Home values sit at $207K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 68758 now. You don’t know where it ranks.
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