Real Estate Investing in Chapman, Nebraska (68827)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Merrick County • Population: 737 • Data updated: September 2026

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Should you buy in 68827 (Chapman, NE)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 15.8% of homes vacant — above national norms.

• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Chapman, NE (68827)?

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3.0/ 5

Investability

Overall investment appeal

4.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $316,415
Avg Monthly Rent $1,161
1% Rule ✗ Does Not Meet
Median Income $61,500
% Renters 19.9%

Market Analysis: 68827 Chapman

From an investor standpoint, ZIP 68827 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $316K median. It rewards specialists, not generalists.

The 68827 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

On the rental side, 68827 offers a low basis, the region around Chapman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.

Demographically, 68827 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.

Strategy in 68827 is an operator game, not a passive one. From an investor standpoint, entry prices of $316K are inviting, the management lift is real and non-optional.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Chapman:

C+ Average
Buy Confidence Score: 63/100
Affordability
10/25
Appreciation
25/25
Stability
7/20
Timing
6/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.1× the median income
Value Trend
Rising (+8.3%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,161/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Grand Island, NE Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.0%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Grand Island, NE metro data

Market Trends

Home Value History (with trend line)

$339K$289K$239K$190K$140K$91KFeb 2010May 2018Jul 2026

📊 How Does 68827 Compare?

Metric 68827 Chapman Grand Island, NE Nebraska
Home Value $316,415 $316,415 N/A $269,423
5-Year CAGR 8.1% 8.1% N/A 6.7%
Avg Rent $1,161 $1,161 N/A -
Cap Rate 2.9% 2.9% - -
💡 Why Invest in 68827? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 68827 (Chapman, NE). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.9%
Low
5yr Growth
+8.1%
Strong

📉 Market Crash Risk Index

Based on Grand Island, NE metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $316,415
Monthly Rent $1,161
Price-to-Rent 22.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.4%
Cap Rate 2.9%
5-Year IRR 11.0%

📈 Home Appreciation

1-Year +8.3% ▲
3-Year CAGR +7.5% ▲
5-Year CAGR +8.1% ▲
10-Year CAGR +7.7% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.9%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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.

Vacancy
15.8%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+8.1%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 68827

Population: 737

💰 Median Household Income
$61,500
This area
$61,500
State
$70,851
USA
$74,580
🏠 Renter Occupied
19.9%
This area
19.9%
State
22.7%
USA
34.0%
💼 Unemployment Rate
0.8%
This area
0.8%
State
-5.2%
USA
3.7%
🎓 College Educated
17.3%
This area
17.3%
State
15.7%
USA
33.7%
👤 Median Age
35.9 years
This area
35.9 years
State
33.1 years
USA
38.9 years
🏚️ Vacancy Rate
15.8%
This area
15.8%
State
15.6%
USA
10.5%
👥 Population by Ethnicity
White 98.2%
Other/Mixed 1.9%
Hispanic/Latino 0.8%
👶 Under 18
29.6%
This area
29.6%
USA
22.0%
👴 65 and Over
12.2%
This area
12.2%
USA
17.3%
📊 Poverty Rate
2.2%
This area
2.2%
USA
11.5%

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

🎓 Nearby Colleges & Universities

1 Nearby 1,674 Off-Campus Students
C+
Central Community College
6,862 students · 14.5 mi

Investor Insight: With 1,674 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What kind of tenants rent in Chapman, NE?

The renter base in Chapman, NE is reasonable for the $1,161/mo price point. Screening well and pricing to market typically yields steady tenants.

Is Chapman, NE a good market for buy-and-hold investors?

Chapman, NE scores 3.0/5 for investability. Home values sit at $316K and rents near $1,161/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Are landlord laws favorable in Chapman, NE?

For rental operators, Chapman, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

What does house hacking look like in Chapman, NE?

House hacking in Chapman, NE is reasonable to execute. Prices around $316K and rents of $1,161/mo solid owner-occupant economics.

How much does a house cost in Chapman, NE?

Median home price in Chapman, NE is near $316K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.

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How 68827 ranks in Grand Island, NE

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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