Real Estate Investing in Grand Island, Nebraska (68801)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68801 (Grand Island, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Grand Island, NE (68801)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68801 Grand Island
Investors eyeing 68801 need to respect the fundamentals at play. Home values of $227K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $227K asset, 68801 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 68801 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 68801 includes headwinds that any investor should price in. Income distribution skews lower than Grand Island averages, and tenant stability requires active management.
The right play in 68801 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 Grand Island:
Property Strategy for 68801
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $139,661 | $980 | 5.1% | +7.2% | $139,661 |
| 2BR | $186,341 | $1,220 | 4.7% | +7.8% | $93,171 |
| 3BR | $247,800 | $1,540 | 4.5% | +7.7% | $82,600 |
| 4BR | $289,782 | $2,010 | 5.0% | +7.5% | $72,445 |
| 5BR | $305,855 | — | — | +7.6% | $61,171 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68801 Compare?
| Metric | 68801 | Grand Island | Grand Island, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $226,526 | $258,077 | N/A | $269,423 |
| 5-Year CAGR | 5.3% | 5.4% | N/A | 6.7% |
| Avg Rent | $1,289 | $1,297 | N/A | - |
| Cap Rate | 4.4% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68801 (Grand Island, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,526 |
| Monthly Rent | $1,289 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.4%). 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 68801
Population: 30,305
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 68801
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
Investor Insight: With 1,674 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Grand Island, NE?
Investors in Grand Island, NE typically see rents near $1,289/mo per month against $227K home values - a solid setup for rental cash flow.
Is Grand Island, NE good for landlords?
Rental owners in Grand Island, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Grand Island, NE a good market for buy-and-hold investors?
Grand Island, NE scores 3.0/5 for investability. Home values sit at $227K and rents near $1,289/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Do rentals sit vacant long in Grand Island, NE?
Occupancy in Grand Island, NE runs steady with elevated vacancy. Well-priced units at $1,289/mo lease on reasonable timelines.
Can I live-in-and-rent in Grand Island, NE?
Grand Island, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $227K price point reasonable to enter.
You know 68801 now. You don’t know where it ranks.
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How 68801 ranks in Grand Island, NE
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