Real Estate Investing in Doniphan, Nebraska (68832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68832 (Doniphan, 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: 9.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.3 — 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 Doniphan, NE (68832)?
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Market Analysis: 68832 Doniphan
Stepping back, ZIP 68832 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $361K median. It rewards specialists, not generalists.
Rent of $1,188/mo on a $361K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68832 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Doniphan have seen price recovery that 68832 has not matched. Hall County data supports the view that the spread is structural rather than temporary.
A healthy renter share of 16% in 68832 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 68832 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Doniphan:
Property Strategy for 68832
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,332 | $1,320 | 3.6% | +7.1% | $132,166 |
| 3BR | $347,977 | $1,660 | 3.4% | +7.5% | $115,992 |
Market Trends
Home Value History (with trend line)
📊 How Does 68832 Compare?
| Metric | 68832 | Doniphan | Grand Island, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $360,804 | $360,804 | N/A | $269,423 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 68832 (Doniphan, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $360,804 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 25.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 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 (2.6%). 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 68832
Population: 2,077
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 68832
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 typical renter like in Doniphan, NE?
Tenant quality in Doniphan, NE ranks as solid. Landlords generally report reliable occupancy at market rents of $1,188/mo.
Is rental property easy to operate in Doniphan, NE?
Landlord-friendliness in Doniphan, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Doniphan, NE?
The median home value in Doniphan, NE is roughly $361K. That puts it reasonable relative to the NE statewide average.
How much do tenants pay in Doniphan, NE?
Rent in Doniphan, NE is around $1,188/mo. The resulting rent-to-value relationship with $361K pricing is reasonable for most investor models.
Can owner-occupants cash flow in Doniphan, NE?
Doniphan, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,188/mo rent level.
You know 68832 now. You don’t know where it ranks.
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How 68832 ranks in Grand Island, NE
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