Real Estate Investing in Franklin, Nebraska (68939)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68939 (Franklin, 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: 19.6% 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 Franklin, NE (68939)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68939 Franklin
Investors eyeing 68939 need to respect the fundamentals at play. Home values of $143K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 68939 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In practical terms, 68939 offers a low basis, the region around Franklin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 68939 includes headwinds that any investor should price in. Income distribution skews lower than Franklin averages, and tenant stability requires active management.
New investors are better served looking at Franklin's stable or hybrid ZIPs before stepping into 68939. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 68939
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $89,745 | $1,210 | 9.7% | +9.7% | $44,873 |
| 3BR | $157,533 | $1,510 | 6.9% | +9.8% | $52,511 |
Market Trends
Home Value History (with trend line)
📊 How Does 68939 Compare?
| Metric | 68939 | Franklin | Nebraska |
|---|---|---|---|
| Home Value | $142,649 | $142,649 | $269,423 |
| 5-Year CAGR | 6.9% | 6.9% | 6.7% |
| Avg Rent | $1,089 | $1,089 | - |
| Cap Rate | 6.0% | 6.0% | - |
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 68939 (Franklin, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68939 (Franklin, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $142,649 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (6.0%). 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 68939
Population: 1,094
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 68939
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 much should I expect to pay for a home in Franklin, NE?
The median home value in Franklin, NE is roughly $143K. That puts it reasonable relative to the NE statewide average.
Is rental property easy to operate in Franklin, NE?
Franklin, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is tenant demand in Franklin, NE?
Tenant demand in Franklin, NE is solid. The local workforce $1,089/mo rents across most rental classes.
What is the typical rental rate in Franklin, NE?
Rents in Franklin, NE run near $1,089/mo. Compared with median home prices of $143K that produces solid gross yields for typical rentals.
Does house hacking make sense in Franklin, NE?
The house hack math a challenging in Franklin, NE. Owner-occupant buyers benefit from the $1,089/mo rents and $143K home values.
You know 68939 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68939 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 68939 (Franklin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68939 (Franklin, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.