Real Estate Investing in Phelps County, Nebraska

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

5 ZIP codes • Population: 10,718

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

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ 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: 8.4% vacancy may signal weakening demand.

What’s happening in Phelps County, NE?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $251,587
Avg Monthly Rent $905
ZIP Codes 5

Investing in Phelps County Real Estate

Phelps County is one of those Nebraska regions where numbers warn before they reward. 5 cities, 10,718 residents, and a rating that reflects material risk.

Investors considering Phelps, Nebraska should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

The 0% renter share in Phelps masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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

Real numbers from people who own or manage rentals in Phelps County, NE. Anonymous, moderated, never written by AI.

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Avg Home Value
$251,587
Avg Monthly Rent
$905
1% Rule
βœ— Below
Landlord Friendly (NE)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Kearney, NE metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
55%
Days Pending
0/2
0 days

View all metro crash risk rankings β†’

Cities in Phelps County

ZIP Codes in Phelps County, NE

Screen every market in Phelps County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Phelps County

How strong are rents in, NE?

Investors in, NE typically see rents near $905/mo per month against $252K home values - a solid setup for rental cash flow.

Does, NE favor landlords or tenants?

, NE operates under NE law, which is tenant-protective overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.

What is the best play in, NE?

For, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Is vacancy a concern in, NE?

Rental vacancy in, NE is elevated. Investors should budget normal turnover but not chronic empty units.

Community Ratings

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