Real Estate Investing in Monroe, Nebraska (68647)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68647 (Monroe, 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: 14.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.3 — hard to cash-flow at these prices.
• 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 Monroe, NE (68647)?
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Market Analysis: 68647 Monroe
Investors eyeing 68647 need to respect the fundamentals at play. Home values of $292K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $292K asset, 68647 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 68647's metrics run below Platte County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 68647 includes headwinds that any investor should price in. Income distribution skews lower than Monroe averages, and tenant stability requires active management.
The right play in 68647 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 Monroe:
Market Trends
Home Value History (with trend line)
📊 How Does 68647 Compare?
| Metric | 68647 | Monroe | Columbus, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $291,846 | $291,846 | N/A | $269,423 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.7% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68647 (Monroe, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $291,846 |
| Monthly Rent | $963 |
| Price-to-Rent | 25.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.6%). 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 68647
Population: 695
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
Is Monroe in NE worth investing in?
Our data puts Monroe, NE at 3.0/5 for investability. Home prices of $292K and rents around $963/mo create a solid backdrop for investor activity.
Are rents high in Monroe, NE?
Monroe, NE rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $292K acquisition costs.
What is the rental occupancy rate in Monroe, NE?
Monroe, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in Monroe, NE?
The house hack math a challenging in Monroe, NE. Owner-occupant buyers benefit from the $963/mo rents and $292K home values.
What is the typical renter like in Monroe, NE?
Tenant quality in Monroe, NE ranks as solid. Landlords generally report consistent occupancy at market rents of $963/mo.
You know 68647 now. You don’t know where it ranks.
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How 68647 ranks in Columbus, NE
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