Real Estate Investing in Greenwood, Nebraska (68366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68366 (Greenwood, 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.
• 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 Greenwood, NE (68366)?
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Market Analysis: 68366 Greenwood
Put differently, ZIP 68366 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $312K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68366 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 68366 and stronger Greenwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 68366 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.
Experienced landlords with local relationships tend to find 68366 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Greenwood:
Property Strategy for 68366
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,813 | $1,260 | 3.8% | +7.9% | $119,906 |
| 3BR | $298,366 | $1,670 | 4.0% | +8.2% | $99,455 |
Market Trends
Home Value History (with trend line)
📊 How Does 68366 Compare?
| Metric | 68366 | Greenwood | Nebraska |
|---|---|---|---|
| Home Value | $312,010 | $312,010 | $269,423 |
| 5-Year CAGR | 7.0% | 7.0% | 6.7% |
| Avg Rent | $1,134 | $1,134 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 68366 (Greenwood, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,010 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.8%). 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 68366
Population: 943
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What price range are homes in Greenwood, NE?
Median home price in Greenwood, NE is near $312K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How landlord-friendly is Greenwood, NE?
Landlord-friendliness in Greenwood, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much is rent in Greenwood, NE?
Rents in Greenwood, NE run near $1,134/mo. Compared with median home prices of $312K that produces solid gross yields for typical rentals.
Is Greenwood, NE a good market for buy-and-hold investors?
Investors tracking Greenwood, NE will find a 3.0/5 rating supported by $312K median home values and $1,134/mo rents. That profile suits long-term holders targeting measured returns.
Are tenants stable in Greenwood, NE?
Greenwood, NE draws a steady base of working renters. Demand at the $1,134/mo rent level is reasonable for standard single-family and small multi rentals.
You know 68366 now. You don’t know where it ranks.
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How 68366 ranks in Omaha-Council Bluffs, NE-IA
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