Real Estate Investing in O'' Neill, Nebraska (68763)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68763 (O'' Neill, 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: 16.2% 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 O'' Neill, NE (68763)?
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Market Analysis: 68763 O'' Neill
The 68763 ZIP in O'' Neill, NE is a local-operator market. Outside capital chasing a $187K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $187K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68763 is substantial and deserves full respect.
In the broader NE picture, 68763 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 68763 ZIP's population of 4,536 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 68763 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in O'' Neill:
Market Trends
Home Value History (with trend line)
📊 How Does 68763 Compare?
| Metric | 68763 | O'' Neill | Nebraska |
|---|---|---|---|
| Home Value | $186,558 | $186,558 | $269,423 |
| 5-Year CAGR | 3.8% | 3.8% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68763 (O'' Neill, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,558 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.6%). 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 68763
Population: 4,536
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 68763
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
How does O'' Neill, NE rate as a rental market?
O'' Neill, NE rates 3.0/5 for investability. With median values at $187K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
Is O'' Neill, NE better for rentals, flips, or BRRRR?
O'' Neill, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($187K prices, $864/mo rents) make it a reasonable choice.
What is the typical home price in O'' Neill, NE?
Homes in O'' Neill, NE typically sell near $187K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How high is vacancy risk in O'' Neill, NE?
O'' Neill, NE carries elevated vacancy risk. Expect reliable absorption at market rents of $864/mo.
Is O'' Neill, NE a friendly market for rental owners?
For rental operators, O'' Neill, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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