Real Estate Investing in Plainview, Nebraska (68769)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68769 (Plainview, NE)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- 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 Plainview, NE (68769)?
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Market Analysis: 68769 Plainview
Investors eyeing 68769 need to respect the fundamentals at play. Home values of $162K come alongside slower price movement and elevated management overhead.
Rent of $882/mo on a $162K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68769 sits below the stated 0.0% once reality is priced in.
Stepping back, 68769 offers a low basis, the region around Plainview has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 68769 ZIP's population of 1,685 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 68769 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 Plainview:
Property Strategy for 68769
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $110,881 | $980 | 6.4% | +5.1% | $55,440 |
| 3BR | $159,215 | $1,190 | 5.4% | +4.0% | $53,072 |
| 4BR | $149,312 | $1,560 | 7.5% | +3.0% | $37,328 |
Market Trends
Home Value History (with trend line)
📊 How Does 68769 Compare?
| Metric | 68769 | Plainview | Norfolk, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $161,643 | $240,053 | N/A | $269,423 |
| 5-Year CAGR | 3.4% | 3.9% | N/A | 6.7% |
| Avg Rent | $882 | $954 | N/A | - |
| Cap Rate | 4.3% | 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 68769 (Plainview, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $161,643 |
| Monthly Rent | $882 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (4.3%). 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 68769
Population: 1,685
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 68769
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 price range are homes in Plainview, NE?
Median home price in Plainview, NE is near $162K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is Plainview, NE good for house hacking?
House hacking in Plainview, NE is a challenging. With home values around $162K and rents at $882/mo, owner-occupants can offset a meaningful share of PITI.
Is Plainview, NE good for landlords?
Plainview, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Do landlords face vacancy issues in Plainview, NE?
Rental vacancy in Plainview, NE is elevated. Investors should budget normal turnover but not chronic empty units.
How much is rent in Plainview, NE?
Plainview, NE rentals go for roughly $882/mo a month. That puts gross yield in solid territory relative to $162K acquisition costs.
You know 68769 now. You don’t know where it ranks.
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How 68769 ranks in Norfolk, NE
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