Real Estate Investing in Bellevue, Nebraska (68005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68005 (Bellevue, 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.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Bellevue, NE (68005)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68005 Bellevue
This part of Sarpy County is not an easy win. The 68005 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68005 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 68005 and stronger Bellevue ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 68005 ZIP's population of 21,912 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Bellevue's stable or hybrid ZIPs before stepping into 68005. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bellevue:
Property Strategy for 68005
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $171,551 | $1,040 | 4.4% | +4.5% | $171,551 |
| 2BR | $189,039 | $1,240 | 4.7% | +7.1% | $94,520 |
| 3BR | $248,550 | $1,640 | 4.8% | +7.4% | $82,850 |
| 4BR | $304,069 | $1,850 | 4.4% | +6.9% | $76,017 |
| 5BR | $387,941 | — | — | +7.1% | $77,588 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68005 Compare?
| Metric | 68005 | Bellevue | Nebraska |
|---|---|---|---|
| Home Value | $259,648 | $284,451 | $269,423 |
| 5-Year CAGR | 5.9% | 5.7% | 6.7% |
| Avg Rent | $1,079 | $1,358 | - |
| Cap Rate | 3.2% | 3.8% | - |
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 68005 (Bellevue, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,648 |
| Monthly Rent | $1,079 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | -23.3% ▼ |
| 3-Year CAGR | -4.3% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 68005
Population: 21,912
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 68005
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,471 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Bellevue, NE?
Homes in Bellevue, NE typically sell near $260K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What are vacancy rates like in Bellevue, NE?
Bellevue, NE carries elevated vacancy risk. Expect stable absorption at market rents of $1,079/mo.
Is the tenant base reliable in Bellevue, NE?
Tenant quality in Bellevue, NE ranks as solid. Landlords generally report steady occupancy at market rents of $1,079/mo.
Which real estate strategy fits Bellevue, NE?
Bellevue, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($260K prices, $1,079/mo rents) make it a reasonable choice.
How strict are landlord regulations in Bellevue, NE?
Bellevue, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 68005 now. You don’t know where it ranks.
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How 68005 ranks in Omaha-Council Bluffs, NE-IA
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