Real Estate Investing in Bellwood, Nebraska (68624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68624 (Bellwood, 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: 32.6% 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 Bellwood, NE (68624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68624 Bellwood
ZIP 68624 in Bellwood, NE carries a impressive set of headwinds. Home values near $249K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $249K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68624 sits below the stated 0.0% once reality is priced in.
Regionally, 68624 sits on the difficult end of the NE spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 68624 includes headwinds that any investor should price in. Income distribution skews lower than Bellwood averages, and tenant stability requires active management.
Strategically, 68624 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Bellwood:
Property Strategy for 68624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,736 | $970 | 3.3% | — | $105,368 |
| 3BR | $258,757 | $1,280 | 3.6% | +9.0% | $86,252 |
Market Trends
Home Value History (with trend line)
📊 How Does 68624 Compare?
| Metric | 68624 | Bellwood | Nebraska |
|---|---|---|---|
| Home Value | $248,956 | $248,956 | $269,423 |
| 5-Year CAGR | 9.4% | 9.4% | 6.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 68624 (Bellwood, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68624 (Bellwood, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $248,956 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.7%). 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 68624
Population: 971
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 68624
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 kind of tenants rent in Bellwood, NE?
Bellwood, NE offers a stable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
What investment strategy works best in Bellwood, NE?
In Bellwood, NE the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $249K prices and $873/mo rents suits that approach.
What are home prices like in Bellwood, NE?
Median home price in Bellwood, NE is near $249K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Do rentals sit vacant long in Bellwood, NE?
Expect elevated vacancy in Bellwood, NE. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Is Bellwood, NE a friendly market for rental owners?
For rental operators, Bellwood, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 68624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68624 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.
AI Market Advisor
Ask questions about investing in 68624 (Bellwood)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68624 (Bellwood, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.