Real Estate Investing in Shelby, Nebraska (68662)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68662 (Shelby, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shelby, NE (68662)?
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Market Analysis: 68662 Shelby
This part of Polk County is not an easy win. The 68662 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $963/mo on a $228K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68662 sits below the stated 0.0% once reality is priced in.
ZIP 68662's metrics run below Polk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 68662 ZIP's population of 1,126 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Shelby's stable or hybrid ZIPs before stepping into 68662. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Shelby:
Property Strategy for 68662
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,473 | $1,070 | 4.7% | +8.0% | $82,736 |
| 3BR | $241,665 | $1,290 | 3.8% | +7.1% | $80,555 |
Market Trends
Home Value History (with trend line)
📊 How Does 68662 Compare?
| Metric | 68662 | Shelby | Nebraska |
|---|---|---|---|
| Home Value | $228,225 | $228,225 | $269,423 |
| 5-Year CAGR | 6.1% | 6.1% | 6.7% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 68662 (Shelby, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,225 |
| Monthly Rent | $963 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.3%). 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 68662
Population: 1,126
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 68662
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 vacancy rate in Shelby, NE?
Shelby, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How does Shelby, NE rate as a rental market?
Shelby, NE scores 3.0/5 for investability. Home values sit at $228K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Shelby, NE?
Homes in Shelby, NE typically sell near $228K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Does Shelby, NE favor landlords or tenants?
Rental owners in Shelby, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is the working-renter base in Shelby, NE?
Tenant demand in Shelby, NE is solid. The local workforce $963/mo rents across most rental classes.
You know 68662 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68662 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.
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Community Ratings
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