Real Estate Investing in Phillips, Nebraska

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,050 • Hamilton County

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Should you buy in Phillips, NE? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (62/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.7% vacancy may signal weakening demand.

What’s happening in Phillips, NE?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $355,482
Avg Monthly Rent $918
ZIP Codes 1

Investing in Phillips Real Estate

With a sizable population across 1 ZIPs, Phillips shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

Phillips is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Phillips at $918/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

A an established population with $N/AK household income profile is what makes Phillips a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$355,482
Avg Monthly Rent
$918
1% Rule
✗ Below
Landlord Friendly (NE)

ZIP Codes in Phillips, NE

Screen every ZIP in Phillips

Filter Phillips’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Phillips, NE

What is the typical home price in Phillips, NE?

The median home value in Phillips, NE is roughly $355K. That puts it reasonable relative to the NE statewide average.

Are landlord laws favorable in Phillips, NE?

For rental operators, Phillips, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

How much is rent in Phillips, NE?

Rental rates in Phillips, NE average $918/mo. Tenant demand and $355K home values make the yield look reasonable by investor standards.

Is Phillips, NE good for house hacking?

Phillips, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $918/mo rent level.

Are tenants stable in Phillips, NE?

Expect a solid tenant pool in Phillips, NE. The rental market absorbs $918/mo rents without meaningful friction.

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