Real Estate Investing in North Bend, Nebraska (68649)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68649 (North Bend, 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: 16.5% 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 North Bend, NE (68649)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68649 North Bend
Investors eyeing 68649 need to respect the fundamentals at play. Home values of $272K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 68649 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NE, ZIP 68649 trails on several market indicators that neighboring Dodge County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 68649 includes headwinds that any investor should price in. Income distribution skews lower than North Bend averages, and tenant stability requires active management.
The right play in 68649 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 North Bend:
Property Strategy for 68649
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,497 | $1,160 | 4.8% | +8.0% | $86,248 |
| 3BR | $254,919 | $1,390 | 3.9% | +8.6% | $84,973 |
| 4BR | $320,221 | $1,540 | 3.5% | +9.6% | $80,055 |
Market Trends
Home Value History (with trend line)
📊 How Does 68649 Compare?
| Metric | 68649 | North Bend | Fremont, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $272,366 | $272,366 | N/A | $269,423 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.7% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68649 (North Bend, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68649 (North Bend, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $272,366 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (3.0%). 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 68649
Population: 1,831
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 68649
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 smart move for investors in North Bend, NE?
In North Bend, NE the notable play is typically careful cash-flow rentals with hands-on management. The combination of $272K prices and $1,044/mo rents suits that approach.
What are rental rates like in North Bend, NE?
Average rent in North Bend, NE is approximately $1,044/mo per month. Against $272K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in North Bend, NE?
The renter base in North Bend, NE is reasonable for the $1,044/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is North Bend, NE a good market for buy-and-hold investors?
Our data puts North Bend, NE at 3.0/5 for investability. Home prices of $272K and rents around $1,044/mo create a solid backdrop for investor activity.
How do landlord-tenant laws work in North Bend, NE?
NE law landlord-friendly for landlords, and North Bend inherits those rules. Investors should still review local ordinances for rental licensing.
You know 68649 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68649 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 68649 ranks in Fremont, NE
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 68649 (North Bend)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68649 (North Bend, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.