Real Estate Investing in Farwell, Nebraska (68838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68838 (Farwell, NE)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.8% 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 Farwell, NE (68838)?
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Market Analysis: 68838 Farwell
ZIP 68838 inside Howard County looks affordable on the surface — median value of $242K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 68838 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 68838 and stronger Farwell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 68838 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 68838 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Farwell:
Market Trends
Home Value History (with trend line)
📊 How Does 68838 Compare?
| Metric | 68838 | Farwell | Grand Island, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $241,548 | $241,548 | N/A | $269,423 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 6.7% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68838 (Farwell, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,548 |
| Monthly Rent | $918 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.0%). 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 68838
Population: 238
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
Frequently Asked Questions
How do home values compare in Farwell, NE?
In Farwell, NE the median home value sits at $242K. Against the broader NE market, that reads as reasonable for most investors.
What is the smart move for investors in Farwell, NE?
In Farwell, NE the significant play is typically careful cash-flow rentals with hands-on management. The combination of $242K prices and $918/mo rents suits that approach.
Is house hacking profitable in Farwell, NE?
House hacking in Farwell, NE is reasonable to execute. Prices around $242K and rents of $918/mo solid owner-occupant economics.
Is Farwell, NE a good place for real estate investing?
Farwell, NE comes in at an investability rating of 3.0/5, with median home values near $242K and average rents around $918/mo. That combination puts it in the impressive tier for investor interest.
Are renters plentiful in Farwell, NE?
Working renters make up the core of the Farwell, NE tenant base. The pool is reasonable for investors targeting long-term holds.
You know 68838 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68838 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.
How 68838 ranks in Grand Island, NE
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