Real Estate Investing in Elmwood, Nebraska (68349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68349 (Elmwood, 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 25.5 — 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 Elmwood, NE (68349)?
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Market Analysis: 68349 Elmwood
Investors eyeing 68349 need to respect the fundamentals at play. Home values of $278K come alongside slower price movement and elevated management overhead.
Rent of $909/mo on a $278K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68349 sits below the stated 0.0% once reality is priced in.
In the broader NE picture, 68349 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 68349 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 68349 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 Elmwood:
Property Strategy for 68349
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $211,795 | $1,010 | 3.4% | +7.1% | $105,898 |
| 3BR | $305,592 | $1,340 | 3.2% | +6.6% | $101,864 |
Market Trends
Home Value History (with trend line)
📊 How Does 68349 Compare?
| Metric | 68349 | Elmwood | Nebraska |
|---|---|---|---|
| Home Value | $278,086 | $278,086 | $269,423 |
| 5-Year CAGR | 6.2% | 6.2% | 6.7% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68349 (Elmwood, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,086 |
| Monthly Rent | $909 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.6%). 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 68349
Population: 1,247
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 68349
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 is the smart move for investors in Elmwood, NE?
Most investors in Elmwood, 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.
Is the tenant base reliable in Elmwood, NE?
Tenant demand in Elmwood, NE is solid. The local workforce $909/mo rents across most rental classes.
What is the investability score for Elmwood, NE?
Elmwood, NE reflects an investability rating of 3.0/5, with median home values near $278K and average rents around $909/mo. That combination puts it in the healthy tier for investor interest.
Do landlords face vacancy issues in Elmwood, NE?
Expect elevated vacancy in Elmwood, NE. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
Does Elmwood, NE favor landlords or tenants?
Rental owners in Elmwood, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 68349 now. You don’t know where it ranks.
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How 68349 ranks in Omaha-Council Bluffs, NE-IA
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