Real Estate Investing in Bellevue, Nebraska (68147)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68147 (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 (68147)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68147 Bellevue
The 68147 ZIP covers a section of Bellevue that demands careful diligence. Prices near $256K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 68147 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Bellevue have seen price recovery that 68147 has not matched. Sarpy County data supports the view that the spread is structural rather than temporary.
On balance, 12,738 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Bellevue's stable or hybrid ZIPs before stepping into 68147. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bellevue:
Property Strategy for 68147
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,632 | $1,410 | 5.2% | +7.4% | $96,816 |
| 3BR | $246,772 | $1,870 | 5.5% | +7.3% | $82,257 |
| 4BR | $331,222 | $2,110 | 4.6% | +6.8% | $82,806 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68147 Compare?
| Metric | 68147 | Bellevue | Nebraska |
|---|---|---|---|
| Home Value | $256,347 | $284,451 | $269,423 |
| 5-Year CAGR | 6.1% | 5.7% | 6.7% |
| Avg Rent | $1,600 | $1,358 | - |
| Cap Rate | 4.9% | 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 68147 (Bellevue, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,347 |
| Monthly Rent | $1,600 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (4.9%). 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 68147
Population: 12,738
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 68147
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HIGHLAND ELEMENTARY SCHOOL
SPRING LAKE MAGNET CENTER
EARLY CHILDHOOD CENTER AT GATEWAY
GATEWAY ELEMENTARY SCHOOL
GOMEZ HERITAGE ELEMENTARY SCHOOL
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
Is Bellevue, NE a good place for real estate investing?
Investors tracking Bellevue, NE will find a 3.0/5 rating supported by $256K median home values and $1,600/mo rents. That profile suits long-term holders targeting even-keeled returns.
Where do rents currently stand in Bellevue, NE?
Average rent in Bellevue, NE is approximately $1,600/mo per month. Against $256K home values that yields a reasonable rent-to-price ratio.
What is the renter demographic in Bellevue, NE?
Bellevue, NE draws a measured base of working renters. Demand at the $1,600/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Bellevue, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Bellevue, NE. With home values at $256K and rents near $1,600/mo, other strategies can work but produce steady rather than outsized returns.
What are vacancy rates like in Bellevue, NE?
Bellevue, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 68147 now. You don’t know where it ranks.
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How 68147 ranks in Omaha-Council Bluffs, NE-IA
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