Real Estate Investing in Broken Bow, Nebraska (68822)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68822 (Broken Bow, 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: 14.7% 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 Broken Bow, NE (68822)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68822 Broken Bow
This part of Custer County is not an easy win. The 68822 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $180K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68822 is substantial and deserves full respect.
ZIP 68822's metrics run below Custer County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 68822 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 68822 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 Broken Bow:
Market Trends
Home Value History (with trend line)
📊 How Does 68822 Compare?
| Metric | 68822 | Broken Bow | Nebraska |
|---|---|---|---|
| Home Value | $180,164 | $180,164 | $269,423 |
| 5-Year CAGR | 4.1% | 4.1% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 68822 (Broken Bow, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68822 (Broken Bow, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $180,164 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 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 (3.7%). 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 68822
Population: 4,573
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 68822
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
Is Broken Bow, NE a smart market for rental property?
The 3.0/5 investability rating in Broken Bow, NE reflects its $180K prices and $864/mo rents. Investors generally consider it a solid option within NE.
Where do rents currently stand in Broken Bow, NE?
Investors in Broken Bow, NE typically see rents near $864/mo per month against $180K home values - a solid setup for rental cash flow.
Which investment style suits Broken Bow, NE?
A careful cash-flow rentals with hands-on management strategy Broken Bow, NE best. The market produces reliable results for that approach at the $180K price point.
What price range are homes in Broken Bow, NE?
The median home value in Broken Bow, NE is roughly $180K. That puts it reasonable relative to the NE statewide average.
What are vacancy rates like in Broken Bow, NE?
Broken Bow, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
You know 68822 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68822 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 68822 (Broken Bow)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68822 (Broken Bow, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.