Real Estate Investing in Concord, Nebraska (68728)
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Should you buy in 68728 (Concord, 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: 15.1% 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 Concord, NE (68728)?
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Market Analysis: 68728 Concord
ZIP 68728 in Concord, NE carries a substantial set of headwinds. Home values near $201K and rents of $873/mo sit inside a market where underwriting has to be tight.
The investment case in 68728 is substantial only for operators who understand what they are buying. A $201K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 68728 and stronger Concord ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 68728 ZIP's population of 232 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 68728 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Concord:
Market Trends
Home Value History (with trend line)
📊 How Does 68728 Compare?
| Metric | 68728 | Concord | Sioux City, IA-NE-SD | Nebraska |
|---|---|---|---|---|
| Home Value | $200,934 | $200,934 | N/A | $269,423 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68728 (Concord, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,934 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +17.9% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.4%). 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 68728
Population: 232
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
Do landlords face vacancy issues in Concord, NE?
Rental vacancy in Concord, NE is elevated. Investors should budget normal turnover but not chronic empty units.
Is Concord, NE a friendly market for rental owners?
Concord, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking make sense in Concord, NE?
House hacking in Concord, NE is reasonable to execute. Prices around $201K and rents of $873/mo solid owner-occupant economics.
What do rentals go for in Concord, NE?
Rental rates in Concord, NE average $873/mo. Tenant demand and $201K home values make the yield look reasonable by investor standards.
What is the typical home price in Concord, NE?
In Concord, NE the median home value sits at $201K. Against the broader NE market, that reads as reasonable for most investors.
You know 68728 now. You don’t know where it ranks.
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How 68728 ranks in Sioux City, IA-NE-SD
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