Real Estate Investing in Wakefield, Nebraska (68784)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68784 (Wakefield, 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.
- Elevated vacancy: 9.2% 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 Wakefield, NE (68784)?
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Market Analysis: 68784 Wakefield
The 68784 ZIP covers a section of Wakefield that demands careful diligence. Prices near $203K look accessible, but the work to make a deal cash flow is real.
The investment case in 68784 is notable only for operators who understand what they are buying. A $203K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Wakefield have seen price recovery that 68784 has not matched. Dixon County data supports the view that the spread is structural rather than temporary.
Resident income in 68784 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 68784 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 Wakefield:
Market Trends
Home Value History (with trend line)
📊 How Does 68784 Compare?
| Metric | 68784 | Wakefield | Sioux City, IA-NE-SD | Nebraska |
|---|---|---|---|---|
| Home Value | $202,693 | $202,693 | N/A | $269,423 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68784 (Wakefield, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,693 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.3%). 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 68784
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 68784
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are renters plentiful in Wakefield, NE?
Working renters make up the core of the Wakefield, NE tenant base. The pool is reasonable for investors targeting long-term holds.
Is Wakefield in NE worth investing in?
Our data puts Wakefield, NE at 3.0/5 for investability. Home prices of $203K and rents around $864/mo create a solid backdrop for investor activity.
Does house hacking work in Wakefield, NE?
House hacking in Wakefield, NE is reasonable to execute. Prices around $203K and rents of $864/mo solid owner-occupant economics.
How much is rent in Wakefield, NE?
Rents in Wakefield, NE run near $864/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
How strict are landlord regulations in Wakefield, NE?
Rental owners in Wakefield, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 68784 now. You don’t know where it ranks.
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How 68784 ranks in Sioux City, IA-NE-SD
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