Real Estate Investing in Ceresco, Nebraska (68017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68017 (Ceresco, 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 price-to-rent: Price-to-rent ratio 28.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ceresco, NE (68017)?
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Market Analysis: 68017 Ceresco
The 68017 ZIP in Ceresco, NE is a local-operator market. Outside capital chasing a $353K entry has to pair deep knowledge with the discount.
Rent of $1,026/mo on a $353K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68017 sits below the stated 0.0% once reality is priced in.
Put differently, 68017 offers a low basis, the region around Ceresco has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A significant renter share of 13% in 68017 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 68017 is an operator game, not a passive one. Turning to rents, entry prices of $353K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ceresco:
Market Trends
Home Value History (with trend line)
📊 How Does 68017 Compare?
| Metric | 68017 | Ceresco | Nebraska |
|---|---|---|---|
| Home Value | $353,294 | $353,294 | $269,423 |
| 5-Year CAGR | 6.0% | 6.0% | 6.7% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68017 (Ceresco, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,294 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 28.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.3%). 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 68017
Population: 2,239
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 68017
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
What price range are homes in Ceresco, NE?
The median home value in Ceresco, NE is roughly $353K. That puts it reasonable relative to the NE statewide average.
What are vacancy rates like in Ceresco, NE?
Ceresco, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
Is Ceresco, NE landlord-friendly?
NE ranks as a landlord-friendly state for landlord-tenant law. Ceresco generally follows the statewide framework, so landlords face reasonable operating rules.
How much rent can I charge in Ceresco, NE?
Ceresco, NE rentals go for roughly $1,026/mo a month. That puts gross yield in solid territory relative to $353K acquisition costs.
Can owner-occupants cash flow in Ceresco, NE?
Ceresco, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,026/mo rent level.
You know 68017 now. You don’t know where it ranks.
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How 68017 ranks in Omaha-Council Bluffs, NE-IA
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