Real Estate Investing in Saint Paul, Nebraska (68873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68873 (Saint Paul, 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: 10.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Saint Paul, NE (68873)?
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Market Analysis: 68873 Saint Paul
Investors eyeing 68873 need to respect the fundamentals at play. Home values of $261K come alongside slower price movement and elevated management overhead.
For an experienced owner, 68873 can be a a solid fit for hunting ground — but the discount at $261K reflects genuine risk that outside investors often underestimate.
ZIP 68873's metrics run below Howard's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 68873 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 68873 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 Saint Paul:
Property Strategy for 68873
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $190,013 | $1,020 | 3.9% | +7.3% | $95,007 |
| 3BR | $251,447 | $1,220 | 3.5% | +6.4% | $83,816 |
| 4BR | $300,028 | $1,350 | 3.2% | +6.3% | $75,007 |
| 5BR | $373,291 | — | — | +5.2% | $74,658 |
Market Trends
Home Value History (with trend line)
📊 How Does 68873 Compare?
| Metric | 68873 | Saint Paul | Nebraska |
|---|---|---|---|
| Home Value | $260,779 | $260,779 | $269,423 |
| 5-Year CAGR | 5.5% | 5.5% | 6.7% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 68873 (Saint Paul, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,779 |
| Monthly Rent | $918 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 68873
Population: 3,710
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 68873
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
Do rentals sit vacant long in Saint Paul, NE?
Rental vacancy in Saint Paul, NE is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Saint Paul, NE?
Expect a solid tenant pool in Saint Paul, NE. The rental market absorbs $918/mo rents without meaningful friction.
What is the investability score for Saint Paul, NE?
Saint Paul, NE sits at an investability rating of 3.0/5, with median home values near $261K and average rents around $918/mo. That combination puts it in the robust tier for investor interest.
Is rental property easy to operate in Saint Paul, NE?
Landlord-friendliness in Saint Paul, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What do landlords charge for rent in Saint Paul, NE?
Rent in Saint Paul, NE is around $918/mo. The resulting rent-to-value relationship with $261K pricing is reasonable for most investor models.
You know 68873 now. You don’t know where it ranks.
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