Real Estate Investing in Belgrade, Nebraska (68623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68623 (Belgrade, NE)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -11.4% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 44.6% in the last year.
ⓘ Read the numbers with care
- Volatile values — home values moved more than 35% in one year; the trend line deserves skepticism.
• 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 Belgrade, NE (68623)?
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Market Analysis: 68623 Belgrade
Turning to rents, ZIP 68623 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $88K median. It rewards specialists, not generalists.
Rent of $864/mo on a $88K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68623 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 68623 offers a low basis, the region around Belgrade has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A substantial renter share of 18% in 68623 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 68623 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 Belgrade:
Market Trends
Home Value History (with trend line)
📊 How Does 68623 Compare?
| Metric | 68623 | Belgrade | Nebraska |
|---|---|---|---|
| Home Value | $87,904 | $87,904 | $269,423 |
| 5-Year CAGR | N/A | N/A | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 7.7% | 7.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68623 (Belgrade, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $87,904 |
| Monthly Rent | $864 |
| Price-to-Rent | 8.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.8% |
| Cap Rate | 7.7% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -44.6% ▼ |
| 3-Year CAGR | -17.4% ▼ |
| 5-Year CAGR | -11.4% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68623
Population: 408
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
What is the best play in Belgrade, NE?
A careful cash-flow rentals with hands-on management strategy Belgrade, NE best. The market produces stable results for that approach at the $88K price point.
How strict are landlord regulations in Belgrade, NE?
NE ranks as a landlord-friendly state for landlord-tenant law. Belgrade generally follows the statewide framework, so landlords face reasonable operating rules.
Are tenants stable in Belgrade, NE?
Tenant demand in Belgrade, NE is solid. The local workforce $864/mo rents across most rental classes.
Does house hacking make sense in Belgrade, NE?
The house hack math a challenging in Belgrade, NE. Owner-occupant buyers benefit from the $864/mo rents and $88K home values.
Do rentals sit vacant long in Belgrade, NE?
Vacancy in Belgrade, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
You know 68623 now. You don’t know where it ranks.
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