Real Estate Investing in Davenport, Nebraska (68335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68335 (Davenport, 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.
- High vacancy: 17.7% of homes vacant — above national norms.
• 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 Davenport, NE (68335)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68335 Davenport
Meanwhile, ZIP 68335 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $158K median. It rewards specialists, not generalists.
The investment case in 68335 is significant only for operators who understand what they are buying. A $158K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NE, ZIP 68335 trails on several market indicators that neighboring Thayer County submarkets outperform. The gap is real and significant enough to shape underwriting.
A durable renter share of 23% in 68335 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Davenport:
Market Trends
Home Value History (with trend line)
📊 How Does 68335 Compare?
| Metric | 68335 | Davenport | Nebraska |
|---|---|---|---|
| Home Value | $158,454 | $158,454 | $269,423 |
| 5-Year CAGR | 6.1% | 6.1% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68335 (Davenport, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $158,454 |
| Monthly Rent | $864 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (4.3%). 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 68335
Population: 466
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 68335
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.
Frequently Asked Questions
What kind of tenants rent in Davenport, NE?
Tenant quality in Davenport, NE ranks as solid. Landlords generally report consistent occupancy at market rents of $864/mo.
Which investment style suits Davenport, NE?
A careful cash-flow rentals with hands-on management strategy Davenport, NE best. The market produces steady results for that approach at the $158K price point.
Is vacancy a concern in Davenport, NE?
Expect elevated vacancy in Davenport, NE. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
How viable is house hacking in Davenport, NE?
House hacking in Davenport, NE is a challenging. With home values around $158K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
What price range are homes in Davenport, NE?
Median home price in Davenport, NE is near $158K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 68335 now. You don’t know where it ranks.
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