Real Estate Investing in Wayne, Nebraska (68787)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68787 (Wayne, 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 Wayne, NE (68787)?
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Market Analysis: 68787 Wayne
On balance, ZIP 68787 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $243K median. It rewards specialists, not generalists.
Rent of $1,305/mo on a $243K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68787 sits below the stated 0.0% once reality is priced in.
Regionally, 68787 sits on the difficult end of the NE spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 38% in 68787 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 68787 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wayne:
Property Strategy for 68787
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,424 | $960 | 3.8% | +9.5% | $90,212 |
| 3BR | $230,364 | $1,280 | 4.0% | +9.5% | $76,788 |
| 4BR | $251,982 | $1,610 | 4.6% | +7.4% | $62,995 |
| 5BR | $319,317 | — | — | +8.2% | $63,863 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68787 Compare?
| Metric | 68787 | Wayne | Nebraska |
|---|---|---|---|
| Home Value | $243,086 | $243,086 | $269,423 |
| 5-Year CAGR | 7.6% | 7.6% | 6.7% |
| Avg Rent | $1,305 | $1,305 | - |
| Cap Rate | 4.2% | 4.2% | - |
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 68787 (Wayne, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,086 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (4.2%). 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 68787
Population: 6,816
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 68787
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
Frequently Asked Questions
What are vacancy rates like in Wayne, NE?
Wayne, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
What is the average monthly rent in Wayne, NE?
Rent in Wayne, NE is around $1,305/mo. The resulting rent-to-value relationship with $243K pricing is reasonable for most investor models.
Are tenants stable in Wayne, NE?
Working renters make up the core of the Wayne, NE tenant base. The pool is reasonable for investors targeting long-term holds.
Are eviction rules reasonable in Wayne, NE?
For rental operators, Wayne, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What price range are homes in Wayne, NE?
The median home value in Wayne, NE is roughly $243K. That puts it reasonable relative to the NE statewide average.
You know 68787 now. You don’t know where it ranks.
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