Real Estate Investing in Fort Calhoun, Nebraska (68023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68023 (Fort Calhoun, NE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 43.7 — 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 Fort Calhoun, NE (68023)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68023 Fort Calhoun
Investors eyeing 68023 need to respect the fundamentals at play. Home values of $547K come alongside slower price movement and elevated management overhead.
For an experienced owner, 68023 can be a a strong candidate for hunting ground — but the discount at $547K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 68023 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 68023 ZIP's population of 2,711 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
New investors are better served looking at Fort Calhoun's stable or hybrid ZIPs before stepping into 68023. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fort Calhoun:
Property Strategy for 68023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $487,737 | $1,160 | 1.7% | +7.6% | $243,868 |
| 3BR | $492,292 | $1,540 | 2.3% | +7.2% | $164,097 |
Market Trends
Home Value History (with trend line)
📊 How Does 68023 Compare?
| Metric | 68023 | Fort Calhoun | Nebraska |
|---|---|---|---|
| Home Value | $547,023 | $547,023 | $269,423 |
| 5-Year CAGR | 5.4% | 5.4% | 6.7% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 1.5% | 1.5% | - |
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 68023 (Fort Calhoun, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $547,023 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 43.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (1.5%). 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 68023
Population: 2,711
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 68023
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 6,308 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Fort Calhoun, NE better for rentals, flips, or BRRRR?
For Fort Calhoun, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Should investors worry about vacancy in Fort Calhoun, NE?
Fort Calhoun, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
How deep is the rental pool in Fort Calhoun, NE?
Expect a solid tenant pool in Fort Calhoun, NE. The rental market absorbs $1,044/mo rents without meaningful friction.
Are eviction rules reasonable in Fort Calhoun, NE?
For rental operators, Fort Calhoun, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What monthly rent should investors expect in Fort Calhoun, NE?
Average rent in Fort Calhoun, NE is approximately $1,044/mo per month. Against $547K home values that yields a reasonable rent-to-price ratio.
You know 68023 now. You don’t know where it ranks.
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How 68023 ranks in Omaha-Council Bluffs, NE-IA
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