Real Estate Investing in Dodge, Nebraska (68633)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68633 (Dodge, 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: 18.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dodge, NE (68633)?
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Market Analysis: 68633 Dodge
Investors eyeing 68633 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $246K asset, 68633 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NE picture, 68633 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 68633 ZIP's population of 1,005 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The right play in 68633 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 Dodge:
Property Strategy for 68633
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,062 | $960 | 4.8% | — | $72,031 |
| 3BR | $225,797 | $1,170 | 3.7% | +7.8% | $75,266 |
Market Trends
Home Value History (with trend line)
📊 How Does 68633 Compare?
| Metric | 68633 | Dodge | Fremont, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $246,305 | $246,305 | N/A | $269,423 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68633 (Dodge, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,305 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (2.7%). 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 68633
Population: 1,005
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 68633
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 type of investing works in Dodge, NE?
A careful cash-flow rentals with hands-on management strategy Dodge, NE best. The market produces predictable results for that approach at the $246K price point.
How much is rent in Dodge, NE?
Rents in Dodge, NE run near $864/mo. Compared with median home prices of $246K that produces solid gross yields for typical rentals.
Should investors worry about vacancy in Dodge, NE?
Vacancy in Dodge, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
How do landlord-tenant laws work in Dodge, NE?
NE law landlord-friendly for landlords, and Dodge inherits those rules. Investors should still review local ordinances for rental licensing.
Are renters plentiful in Dodge, NE?
Working renters make up the core of the Dodge, NE tenant base. The pool is reasonable for investors targeting long-term holds.
You know 68633 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68633 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 68633 ranks in Fremont, NE
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