Real Estate Investing in Ithaca, Nebraska (68033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68033 (Ithaca, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.9 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ithaca, NE (68033)?
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Market Analysis: 68033 Ithaca
Meanwhile, ZIP 68033 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $387K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $387K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68033 is substantial and deserves full respect.
Nearby ZIPs in Ithaca have seen price recovery that 68033 has not matched. Saunders County data supports the view that the spread is structural rather than temporary.
Who lives in 68033 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 68033 is an operator game, not a passive one. Stepping back, entry prices of $387K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ithaca:
Market Trends
Home Value History (with trend line)
📊 How Does 68033 Compare?
| Metric | 68033 | Ithaca | Nebraska |
|---|---|---|---|
| Home Value | $387,015 | $387,015 | $269,423 |
| 5-Year CAGR | 6.7% | 6.7% | 6.7% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68033 (Ithaca, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $387,015 |
| Monthly Rent | $981 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.0%). 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 68033
Population: 296
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
Frequently Asked Questions
How much does a house cost in Ithaca, NE?
The median home value in Ithaca, NE is roughly $387K. That puts it reasonable relative to the NE statewide average.
How deep is the rental pool in Ithaca, NE?
Ithaca, NE draws a consistent base of working renters. Demand at the $981/mo rent level is reasonable for standard single-family and small multi rentals.
What is the investability score for Ithaca, NE?
With a 3.0/5 investability score, Ithaca, NE ranks as a solid market for rental property investors. Median prices of $387K and rents of $981/mo drive the underlying numbers.
Is Ithaca, NE a friendly market for rental owners?
Ithaca, NE operates under NE law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Is vacancy a concern in Ithaca, NE?
Occupancy in Ithaca, NE runs stable with elevated vacancy. Well-priced units at $981/mo lease on reasonable timelines.
You know 68033 now. You don’t know where it ranks.
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How 68033 ranks in Omaha-Council Bluffs, NE-IA
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