Real Estate Investing in Cedar Rapids, Nebraska (68627)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68627 (Cedar Rapids, 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: 23.7% of homes vacant — above national norms.
• 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 Cedar Rapids, NE (68627)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68627 Cedar Rapids
Investors eyeing 68627 need to respect the fundamentals at play. Home values of $247K come alongside slower price movement and elevated management overhead.
For an experienced owner, 68627 can be a a credible choice for hunting ground — but the discount at $247K reflects genuine risk that outside investors often underestimate.
ZIP 68627's metrics run below Boone's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 68627 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 68627 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 Cedar Rapids:
Market Trends
Home Value History (with trend line)
📊 How Does 68627 Compare?
| Metric | 68627 | Cedar Rapids | Nebraska |
|---|---|---|---|
| Home Value | $247,235 | $247,235 | $269,423 |
| 5-Year CAGR | 5.6% | 5.6% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 68627 (Cedar Rapids, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68627 (Cedar Rapids, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $247,235 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.7%). 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.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68627
Population: 679
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 68627
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 vacancy rates like in Cedar Rapids, NE?
Vacancy in Cedar Rapids, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What is the typical rental rate in Cedar Rapids, NE?
The typical rental in Cedar Rapids, NE commands about $864/mo monthly. That rent profile measured cash flow against the $247K purchase basis.
Is rental property easy to operate in Cedar Rapids, NE?
Landlord-friendliness in Cedar Rapids, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the best play in Cedar Rapids, NE?
For Cedar Rapids, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Cedar Rapids, NE a smart market for rental property?
The 3.0/5 investability rating in Cedar Rapids, NE reflects its $247K prices and $864/mo rents. Investors generally consider it a solid option within NE.
You know 68627 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68627 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.
AI Market Advisor
Ask questions about investing in 68627 (Cedar Rapids)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68627 (Cedar Rapids, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.