Real Estate Investing in Springfield, Nebraska (68059)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68059 (Springfield, 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 price-to-rent: Price-to-rent ratio 29.3 — 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 Springfield, NE (68059)?
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Market Analysis: 68059 Springfield
The 68059 ZIP in Springfield, NE is a local-operator market. Outside capital chasing a $468K entry has to pair deep knowledge with the discount.
For an experienced owner, 68059 can be a a credible choice for hunting ground — but the discount at $468K reflects genuine risk that outside investors often underestimate.
The gap between 68059 and stronger Springfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 68059 includes headwinds that any investor should price in. Income distribution skews lower than Springfield averages, and tenant stability requires active management.
Strategy in 68059 is an operator game, not a passive one. From an investor standpoint, entry prices of $468K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 68059
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $393,680 | $1,480 | 2.7% | +6.7% | $196,840 |
| 3BR | $385,766 | $1,960 | 3.7% | +6.3% | $128,589 |
| 4BR | $551,476 | $2,210 | 2.9% | +6.7% | $137,869 |
Market Trends
Home Value History (with trend line)
📊 How Does 68059 Compare?
| Metric | 68059 | Springfield | Nebraska |
|---|---|---|---|
| Home Value | $467,974 | $467,974 | $269,423 |
| 5-Year CAGR | 5.5% | 5.5% | 6.7% |
| Avg Rent | $1,332 | $1,332 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 68059 (Springfield, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $467,974 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 68059
Population: 3,354
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 68059
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
Frequently Asked Questions
Do rentals sit vacant long in Springfield, NE?
Expect elevated vacancy in Springfield, NE. Rents at $1,332/mo are absorbed by the tenant base without meaningful lag.
Are rents high in Springfield, NE?
Rents in Springfield, NE run near $1,332/mo. Compared with median home prices of $468K that produces solid gross yields for typical rentals.
How should investors approach Springfield, NE?
Most investors in Springfield, NE run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can I house hack in Springfield, NE?
Springfield, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $468K price point reasonable to enter.
Is Springfield, NE a good place for real estate investing?
Yes - Springfield, NE a 3.0/5 investability score. With $468K home prices against $1,332/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 68059 now. You don’t know where it ranks.
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How 68059 ranks in Omaha-Council Bluffs, NE-IA
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