Real Estate Investing in Burwell, Nebraska (68823)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68823 (Burwell, 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: 28.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Burwell, NE (68823)?
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Market Analysis: 68823 Burwell
The 68823 ZIP in Burwell, NE is a local-operator market. Outside capital chasing a $271K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 68823 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Burwell have seen price recovery that 68823 has not matched. Garfield County data supports the view that the spread is structural rather than temporary.
Resident income in 68823 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 68823 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 Burwell:
Market Trends
Home Value History (with trend line)
📊 How Does 68823 Compare?
| Metric | 68823 | Burwell | Nebraska |
|---|---|---|---|
| Home Value | $270,854 | $270,854 | $269,423 |
| 5-Year CAGR | 6.4% | 6.4% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68823 (Burwell, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,854 |
| Monthly Rent | $864 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.5%). 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 68823
Population: 2,087
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 68823
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 Burwell, NE?
In Burwell, NE the median home value sits at $271K. Against the broader NE market, that reads as reasonable for most investors.
What do landlords charge for rent in Burwell, NE?
Expect rents around $864/mo per month in Burwell, NE. With home values at $271K, the yield math works out to reasonable levels for rental investors.
What kind of tenants rent in Burwell, NE?
Tenant quality in Burwell, NE ranks as solid. Landlords generally report even-keeled occupancy at market rents of $864/mo.
Which investment style suits Burwell, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Burwell, NE. With home values at $271K and rents near $864/mo, other strategies can work but produce stable rather than outsized returns.
Is Burwell, NE landlord-friendly?
NE ranks as a landlord-friendly state for landlord-tenant law. Burwell generally follows the statewide framework, so landlords face reasonable operating rules.
You know 68823 now. You don’t know where it ranks.
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