Real Estate Investing in Wausa, Nebraska (68765)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68765 (Wausa, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.6% 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 Wausa, NE (68765)?
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Market Analysis: 68765 Wausa
ZIP 68765 in Wausa, NE carries a significant set of headwinds. Home values near $230K and rents of $864/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 68765 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NE, ZIP 68765 trails on several market indicators that neighboring Pierce County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 68765 ZIP's population of 1,158 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 68765 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 Wausa:
Property Strategy for 68765
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,289 | $960 | 4.1% | +5.3% | $84,145 |
| 3BR | $219,903 | $1,150 | 3.8% | +5.7% | $73,301 |
| 4BR | $307,723 | $1,540 | 3.6% | +4.5% | $76,931 |
Market Trends
Home Value History (with trend line)
📊 How Does 68765 Compare?
| Metric | 68765 | Wausa | Norfolk, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $229,541 | $213,549 | N/A | $269,423 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.9% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68765 (Wausa, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,541 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.9%). 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 68765
Population: 1,158
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 68765
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 home price in Wausa, NE?
In Wausa, NE the median home value sits at $230K. Against the broader NE market, that reads as reasonable for most investors.
Are tenants stable in Wausa, NE?
Wausa, NE draws a consistent base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Wausa, NE?
NE ranks as a landlord-friendly state for landlord-tenant law. Wausa generally follows the statewide framework, so landlords face reasonable operating rules.
Can I house hack in Wausa, NE?
Wausa, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $230K price point reasonable to enter.
What is the typical vacancy rate in Wausa, NE?
Wausa, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 68765 now. You don’t know where it ranks.
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How 68765 ranks in Norfolk, NE
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