Real Estate Investing in Alma, Nebraska (68920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68920 (Alma, 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: 17.9% 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 Alma, NE (68920)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68920 Alma
Not every below-median market is a bargain. Alma's 68920 ZIP shows signals that favor experienced operators who can absorb the risk $200K pricing implies.
Rent of $882/mo on a $200K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68920 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 68920 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 68920 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 68920 is an operator game, not a passive one. From a cash-flow lens, entry prices of $200K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alma:
Market Trends
Home Value History (with trend line)
📊 How Does 68920 Compare?
| Metric | 68920 | Alma | Nebraska |
|---|---|---|---|
| Home Value | $200,278 | $200,278 | $269,423 |
| 5-Year CAGR | 6.5% | 6.5% | 6.7% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 68920 (Alma, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68920 (Alma, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $200,278 |
| Monthly Rent | $882 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.4%). 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 68920
Population: 1,475
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 68920
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 is the renter demographic in Alma, NE?
Alma, NE offers a even-keeled renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Alma, NE a friendly market for rental owners?
Alma, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What are vacancy rates like in Alma, NE?
Vacancy in Alma, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $882/mo.
What is the average monthly rent in Alma, NE?
Expect rents around $882/mo per month in Alma, NE. With home values at $200K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Alma, NE?
Homes in Alma, NE typically sell near $200K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 68920 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68920 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.
AI Market Advisor
Ask questions about investing in 68920 (Alma)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68920 (Alma, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.