Real Estate Investing in South Bend, Nebraska (68058)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68058 (South Bend, NE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 39.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.2 — 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 South Bend, NE (68058)?
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Market Analysis: 68058 South Bend
From an investor standpoint, ZIP 68058 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $388K median. It rewards specialists, not generalists.
The 68058 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NE picture, 68058 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 68058 ZIP's population of 352 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 68058 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in South Bend:
Market Trends
Home Value History (with trend line)
📊 How Does 68058 Compare?
| Metric | 68058 | South Bend | Nebraska |
|---|---|---|---|
| Home Value | $388,294 | $388,294 | $269,423 |
| 5-Year CAGR | 4.9% | 4.9% | 6.7% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68058 (South Bend, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,294 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.2%). 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 68058
Population: 352
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
What approach is best for South Bend, NE real estate?
The best-fit strategy in South Bend, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How tight is the rental market in South Bend, NE?
Vacancy risk in South Bend, NE is elevated. That supports even-keeled cash flow for typical rental holds.
What do rentals go for in South Bend, NE?
Average rent in South Bend, NE is approximately $1,071/mo per month. Against $388K home values that yields a reasonable rent-to-price ratio.
Are eviction rules reasonable in South Bend, NE?
For rental operators, South Bend, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How expensive is real estate in South Bend, NE?
Median home price in South Bend, NE is near $388K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
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