Real Estate Investing in Pickrell, Nebraska (68422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68422 (Pickrell, 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 Pickrell, NE (68422)?
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Market Analysis: 68422 Pickrell
ZIP 68422 in Pickrell, NE carries a durable set of headwinds. Home values near $347K and rents of $1,224/mo sit inside a market where underwriting has to be tight.
Rent of $1,224/mo on a $347K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68422 sits below the stated 0.0% once reality is priced in.
In the broader NE picture, 68422 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 68422 ZIP's population of 797 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 68422 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 Pickrell:
Market Trends
Home Value History (with trend line)
📊 How Does 68422 Compare?
| Metric | 68422 | Pickrell | Beatrice, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $347,142 | $347,142 | N/A | $269,423 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.7% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68422 (Pickrell, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $347,142 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 68422
Population: 797
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
Frequently Asked Questions
Are there empty rentals in Pickrell, NE?
Pickrell, NE carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,224/mo.
What is the typical home price in Pickrell, NE?
The median home value in Pickrell, NE is roughly $347K. That puts it reasonable relative to the NE statewide average.
Which real estate strategy fits Pickrell, NE?
Pickrell, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($347K prices, $1,224/mo rents) make it a reasonable choice.
Is rental property easy to operate in Pickrell, NE?
NE ranks as a landlord-friendly state for landlord-tenant law. Pickrell generally follows the statewide framework, so landlords face reasonable operating rules.
Where do rents currently stand in Pickrell, NE?
Expect rents around $1,224/mo per month in Pickrell, NE. With home values at $347K, the yield math works out to reasonable levels for rental investors.
You know 68422 now. You don’t know where it ranks.
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How 68422 ranks in Beatrice, NE
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