Real Estate Investing in Fullerton, Nebraska (68638)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68638 (Fullerton, 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.
- High vacancy: 19.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
- 1-year downturn: Values declined 7.6% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fullerton, NE (68638)?
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Market Analysis: 68638 Fullerton
Investors eyeing 68638 need to respect the fundamentals at play. Home values of $160K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 68638 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 68638's metrics run below Nance County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 68638 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 68638 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 Fullerton:
Market Trends
Home Value History (with trend line)
📊 How Does 68638 Compare?
| Metric | 68638 | Fullerton | Nebraska |
|---|---|---|---|
| Home Value | $159,785 | $159,785 | $269,423 |
| 5-Year CAGR | 1.1% | 1.1% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68638 (Fullerton, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,785 |
| Monthly Rent | $864 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.2%). 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 68638
Population: 1,810
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 68638
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 is the typical home price in Fullerton, NE?
Homes in Fullerton, NE typically sell near $160K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What is the renter demographic in Fullerton, NE?
Fullerton, NE offers a steady renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are rents high in Fullerton, NE?
Rents in Fullerton, NE run near $864/mo. Compared with median home prices of $160K that produces solid gross yields for typical rentals.
Is Fullerton, NE better for rentals, flips, or BRRRR?
For Fullerton, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are eviction rules reasonable in Fullerton, NE?
Fullerton, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
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