Real Estate Investing in Elba, Nebraska (68835)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68835 (Elba, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.1% 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 Elba, NE (68835)?
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Market Analysis: 68835 Elba
ZIP 68835 in Elba, NE carries a solid set of headwinds. Home values near $214K and rents of $927/mo sit inside a market where underwriting has to be tight.
The 68835 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NE picture, 68835 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 489 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 68835, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Elba:
Market Trends
Home Value History (with trend line)
📊 How Does 68835 Compare?
| Metric | 68835 | Elba | Nebraska |
|---|---|---|---|
| Home Value | $213,908 | $213,908 | $269,423 |
| 5-Year CAGR | 4.0% | 4.0% | 6.7% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68835 (Elba, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,908 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.4%). 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 68835
Population: 489
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 68835
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
Does Elba, NE make sense for an investment property?
The 3.0/5 investability rating in Elba, NE reflects its $214K prices and $927/mo rents. Investors generally consider it a solid option within NE.
Is NE a landlord-friendly state?
Landlord-friendliness in Elba, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do landlords face vacancy issues in Elba, NE?
Expect elevated vacancy in Elba, NE. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
How do experienced investors play Elba, NE?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Elba, NE. The numbers - $214K homes against $927/mo rents - support that play.
How much rent can I charge in Elba, NE?
Rents in Elba, NE run near $927/mo. Compared with median home prices of $214K that produces solid gross yields for typical rentals.
You know 68835 now. You don’t know where it ranks.
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