Real Estate Investing in Bellevue, Nebraska (68123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68123 (Bellevue, 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.
No major risk flags on the data we track.
What’s happening in Bellevue, NE (68123)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68123 Bellevue
The 68123 ZIP in Bellevue, NE is a local-operator market. Outside capital chasing a $337K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68123 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 68123 offers a low basis, the region around Bellevue has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 68123 includes headwinds that any investor should price in. Income distribution skews lower than Bellevue averages, and tenant stability requires active management.
The right play in 68123 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bellevue:
Property Strategy for 68123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $291,795 | $1,530 | 3.8% | +6.6% | $145,897 |
| 3BR | $299,391 | $2,030 | 4.9% | +6.6% | $99,797 |
| 4BR | $371,496 | $2,290 | 4.4% | +5.9% | $92,874 |
| 5BR | $418,285 | — | — | +5.7% | $83,657 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68123 Compare?
| Metric | 68123 | Bellevue | Nebraska |
|---|---|---|---|
| Home Value | $337,358 | $284,451 | $269,423 |
| 5-Year CAGR | 5.0% | 5.7% | 6.7% |
| Avg Rent | $1,395 | $1,358 | - |
| Cap Rate | 3.2% | 3.8% | - |
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 68123 (Bellevue, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $337,358 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 68123
Population: 34,098
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 68123
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 1,471 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Bellevue, NE?
Working renters make up the core of the Bellevue, NE tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in Bellevue, NE?
NE law landlord-friendly for landlords, and Bellevue inherits those rules. Investors should still review local ordinances for rental licensing.
How much does a house cost in Bellevue, NE?
In Bellevue, NE the median home value sits at $337K. Against the broader NE market, that reads as reasonable for most investors.
Does house hacking work in Bellevue, NE?
House hacking in Bellevue, NE is reasonable to execute. Prices around $337K and rents of $1,395/mo solid owner-occupant economics.
How should investors approach Bellevue, NE?
Most investors in Bellevue, 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.
You know 68123 now. You don’t know where it ranks.
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How 68123 ranks in Omaha-Council Bluffs, NE-IA
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