Real Estate Investing in Fairfield, Nebraska (68938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68938 (Fairfield, 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.
- High vacancy: 16.5% 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 Fairfield, NE (68938)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68938 Fairfield
ZIP 68938 inside Clay County looks affordable on the surface — median value of $190K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $190K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68938 is substantial and deserves full respect.
Nearby ZIPs in Fairfield have seen price recovery that 68938 has not matched. Clay County data supports the view that the spread is structural rather than temporary.
Resident income in 68938 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 68938 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fairfield:
Market Trends
Home Value History (with trend line)
📊 How Does 68938 Compare?
| Metric | 68938 | Fairfield | Nebraska |
|---|---|---|---|
| Home Value | $190,404 | $190,404 | $269,423 |
| 5-Year CAGR | 7.4% | 7.4% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68938 (Fairfield, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,404 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +13.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.5%). 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 68938
Population: 455
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 68938
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
How does Fairfield, NE stack up for property investment?
Yes - Fairfield, NE a 3.0/5 investability score. With $190K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the smart move for investors in Fairfield, NE?
Most investors in Fairfield, NE run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much do tenants pay in Fairfield, NE?
Expect rents around $864/mo per month in Fairfield, NE. With home values at $190K, the yield math works out to reasonable levels for rental investors.
Is it easy to find good tenants in Fairfield, NE?
The renter base in Fairfield, NE is reasonable for the $864/mo price point. Screening well and pricing to market typically yields measured tenants.
What are vacancy rates like in Fairfield, NE?
Vacancy in Fairfield, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
You know 68938 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68938 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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