Real Estate Investing in Odell, Nebraska (68415)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68415 (Odell, 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 vacancy: 17.6% 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 Odell, NE (68415)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68415 Odell
From an investor standpoint, ZIP 68415 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $242K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68415 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 68415 sits on the difficult end of the NE spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 68415 ZIP's population of 564 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
trends toward 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 Odell:
Market Trends
Home Value History (with trend line)
📊 How Does 68415 Compare?
| Metric | 68415 | Odell | Beatrice, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $242,048 | $242,048 | N/A | $269,423 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| 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 68415 (Odell, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68415 (Odell, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $242,048 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 68415
Population: 564
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 68415
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
Is Odell, NE good for landlords?
For rental operators, Odell, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are tenants stable in Odell, NE?
Odell, NE draws a consistent base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
How much does a house cost in Odell, NE?
In Odell, NE the median home value sits at $242K. Against the broader NE market, that reads as reasonable for most investors.
What is the smart move for investors in Odell, NE?
Most investors in Odell, 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.
What monthly rent should investors expect in Odell, NE?
Average rent in Odell, NE is approximately $864/mo per month. Against $242K home values that yields a reasonable rent-to-price ratio.
You know 68415 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68415 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 68415 ranks in Beatrice, NE
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 68415 (Odell)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68415 (Odell, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.