Real Estate Investing in Ulysses, Nebraska (68669)
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Should you buy in 68669 (Ulysses, 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: 10.5% vacancy may signal weakening demand.
• 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 Ulysses, NE (68669)?
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Market Analysis: 68669 Ulysses
Investors eyeing 68669 need to respect the fundamentals at play. Home values of $239K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $239K asset, 68669 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NE picture, 68669 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 68669 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 68669 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 Ulysses:
Market Trends
Home Value History (with trend line)
📊 How Does 68669 Compare?
| Metric | 68669 | Ulysses | Nebraska |
|---|---|---|---|
| Home Value | $239,408 | $239,408 | $269,423 |
| 5-Year CAGR | 9.0% | 9.0% | 6.7% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68669 (Ulysses, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,408 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +16.4% ▲ |
| 3-Year CAGR | +10.0% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.7%). 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 68669
Population: 480
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Ulysses, NE a good market for buy-and-hold investors?
Our data puts Ulysses, NE at 3.0/5 for investability. Home prices of $239K and rents around $1,125/mo create a solid backdrop for investor activity.
Which investment style suits Ulysses, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Ulysses, NE. With home values at $239K and rents near $1,125/mo, other strategies can work but produce even-keeled rather than outsized returns.
How strong is tenant demand in Ulysses, NE?
Working renters make up the core of the Ulysses, NE tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical vacancy rate in Ulysses, NE?
Ulysses, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does house hacking work in Ulysses, NE?
House hacking in Ulysses, NE is reasonable to execute. Prices around $239K and rents of $1,125/mo solid owner-occupant economics.
You know 68669 now. You don’t know where it ranks.
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