Real Estate Investing in Genoa, Nebraska (68640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68640 (Genoa, 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: 17.4% of homes vacant — above national norms.
- 1-year downturn: Values declined 6.4% 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 Genoa, NE (68640)?
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Market Analysis: 68640 Genoa
From an investor standpoint, ZIP 68640 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $198K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68640 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Genoa have seen price recovery that 68640 has not matched. Nance County data supports the view that the spread is structural rather than temporary.
A resilient renter share of 14% in 68640 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Genoa:
Market Trends
Home Value History (with trend line)
📊 How Does 68640 Compare?
| Metric | 68640 | Genoa | Columbus, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $198,076 | $198,076 | N/A | $269,423 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 6.7% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68640 (Genoa, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,076 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | -6.4% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.8%). 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 68640
Population: 1,045
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 68640
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 are home prices like in Genoa, NE?
Median home price in Genoa, NE is near $198K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Genoa, NE good for house hacking?
House hacking in Genoa, NE is a challenging. With home values around $198K and rents at $963/mo, owner-occupants can offset a meaningful share of PITI.
What is it like being a landlord in Genoa, NE?
NE law landlord-friendly for landlords, and Genoa inherits those rules. Investors should still review local ordinances for rental licensing.
Which investment style suits Genoa, NE?
A careful cash-flow rentals with hands-on management strategy Genoa, NE best. The market produces predictable results for that approach at the $198K price point.
Are renters plentiful in Genoa, NE?
Genoa, NE draws a stable base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
You know 68640 now. You don’t know where it ranks.
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How 68640 ranks in Columbus, NE
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