Real Estate Investing in Ericson, Nebraska (68637)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Wheeler County • Population: 228 • Data updated: September 2026

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Should you buy in 68637 (Ericson, NE)? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (38/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 57.2% of homes vacant — above national norms.
  • Lower household income: $39,583 median — tenant affordability is tighter.

• 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 Ericson, NE (68637)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $273,795
Avg Monthly Rent $954
1% Rule ✗ Does Not Meet
Median Income $39,583
% Renters 17.3%

Market Analysis: 68637 Ericson

Investors eyeing 68637 need to respect the fundamentals at play. Home values of $274K come alongside slower price movement and elevated management overhead.

The 68637 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

From an investor standpoint, 68637 offers a low basis, the region around Ericson has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.

Resident income in 68637 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

New investors are better served looking at Ericson's stable or hybrid ZIPs before stepping into 68637. The learning curve here is expensive when the lesson is wrong.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Ericson:

D Needs Caution
Buy Confidence Score: 49/100
Affordability
5/25
Appreciation
14/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 6.9× the median income
Value Trend
Declining (-2.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $954/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.

Market Trends

Home Value History (with trend line)

$304K$290K$276K$262K$247K$233KFeb 2021Nov 2023Jul 2026

📊 How Does 68637 Compare?

Metric 68637 Ericson Nebraska
Home Value $273,795 $273,795 $269,423
5-Year CAGR 2.1% 2.1% 6.7%
Avg Rent $954 $954 -
Cap Rate 2.7% 2.7% -
💡 Why Invest in 68637? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 68637 (Ericson, NE). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.7%
Low
5yr Growth
+2.1%
Slow

📊 Market Snapshot

Home Value $273,795
Monthly Rent $954
Price-to-Rent 23.9:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.2%
Cap Rate 2.7%
5-Year IRR 4.8%

📈 Home Appreciation

1-Year -2.4% ▼
3-Year CAGR +0.3% ▲
5-Year CAGR +2.1% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
57.2%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+2.1%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 68637

Population: 228

💰 Median Household Income
$39,583
This area
$39,583
State
$70,851
USA
$74,580
🏠 Renter Occupied
17.3%
This area
17.3%
State
22.7%
USA
34.0%
💼 Unemployment Rate
0.0%
This area
0.0%
State
-5.2%
USA
3.7%
🎓 College Educated
16.1%
This area
16.1%
State
15.7%
USA
33.7%
👤 Median Age
60.2 years
This area
60.2 years
State
33.1 years
USA
38.9 years
🏚️ Vacancy Rate
57.2%
This area
57.2%
State
15.6%
USA
10.5%
👥 Population by Ethnicity
White 99.2%
Hispanic/Latino 0.4%
Asian 0.4%
Other/Mixed 0.4%
👶 Under 18
10.9%
This area
10.9%
USA
22.0%
👴 65 and Over
36.8%
This area
36.8%
USA
17.3%
📊 Poverty Rate
14.3%
This area
14.3%
USA
11.5%

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 type of investing works in Ericson, NE?

A careful cash-flow rentals with hands-on management strategy Ericson, NE best. The market produces stable results for that approach at the $274K price point.

What is the typical vacancy rate in Ericson, NE?

Occupancy in Ericson, NE runs reliable with elevated vacancy. Well-priced units at $954/mo lease on reasonable timelines.

What kind of market is Ericson, NE for investors?

Our data puts Ericson, NE at 3.0/5 for investability. Home prices of $274K and rents around $954/mo create a solid backdrop for investor activity.

Can owner-occupants cash flow in Ericson, NE?

Ericson, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $274K price point reasonable to enter.

What price range are homes in Ericson, NE?

Median home price in Ericson, NE is near $274K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

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