Real Estate Investing in Kearney, Nebraska (68847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68847 (Kearney, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (68847)?
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Market Analysis: 68847 Kearney
This part of Buffalo County is not an easy win. The 68847 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 68847 is robust only for operators who understand what they are buying. A $293K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NE picture, 68847 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 17,911 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.
The right play in 68847 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Kearney:
Property Strategy for 68847
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $268,624 | $1,430 | 3.8% | +6.5% | $89,541 |
| 4BR | $311,163 | $1,810 | 4.2% | +6.6% | $77,791 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68847 Compare?
| Metric | 68847 | Kearney | Kearney, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $293,049 | $214,432 | N/A | $269,423 |
| 5-Year CAGR | 5.5% | 5.7% | N/A | 6.7% |
| Avg Rent | $1,600 | $1,563 | N/A | - |
| Cap Rate | 4.3% | 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 68847 (Kearney, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $293,049 |
| Monthly Rent | $1,600 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (4.3%). 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 68847
Population: 17,911
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 68847
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
Does Kearney, NE make sense for an investment property?
Our data puts Kearney, NE at 3.0/5 for investability. Home prices of $293K and rents around $1,600/mo create a solid backdrop for investor activity.
How tight is the rental market in Kearney, NE?
Kearney, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which investment style suits Kearney, NE?
For Kearney, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How qualified is the tenant pool in Kearney, NE?
Tenant quality in Kearney, NE ranks as solid. Landlords generally report predictable occupancy at market rents of $1,600/mo.
What is the average home sale price in Kearney, NE?
The median home value in Kearney, NE is roughly $293K. That puts it reasonable relative to the NE statewide average.
You know 68847 now. You don’t know where it ranks.
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How 68847 ranks in Kearney, NE
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