Real Estate Investing in Kearney, Nebraska (68845)
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Should you buy in 68845 (Kearney, 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.
No major risk flags on the data we track.
What’s happening in Kearney, NE (68845)?
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Market Analysis: 68845 Kearney
Investors eyeing 68845 need to respect the fundamentals at play. Home values of $350K come alongside slower price movement and elevated management overhead.
The 68845 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 68845 sits on the difficult end of the NE spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 68845 ZIP's population of 21,012 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 68845 is an operator game, not a passive one. Turning to rents, entry prices of $350K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Kearney:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68845 Compare?
| Metric | 68845 | Kearney | Kearney, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $350,247 | $214,432 | N/A | $269,423 |
| 5-Year CAGR | 6.0% | 5.7% | N/A | 6.7% |
| Avg Rent | $1,526 | $1,563 | N/A | - |
| Cap Rate | 3.4% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68845 (Kearney, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $350,247 |
| Monthly Rent | $1,526 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 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 68845
Population: 21,012
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 68845
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
Frequently Asked Questions
Which real estate strategy fits Kearney, NE?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Kearney, NE. The numbers - $350K homes against $1,526/mo rents - support that play.
How much is rent in Kearney, NE?
Rents in Kearney, NE run near $1,526/mo. Compared with median home prices of $350K that produces solid gross yields for typical rentals.
Is Kearney, NE good for house hacking?
House hacking in Kearney, NE is a challenging. With home values around $350K and rents at $1,526/mo, owner-occupants can offset a meaningful share of PITI.
What are vacancy rates like in Kearney, NE?
Kearney, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
How expensive is real estate in Kearney, NE?
Median home price in Kearney, NE is near $350K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
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