Real Estate Investing in Ord, Nebraska (68862)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68862 (Ord, 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.
- High vacancy: 14.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ord, NE (68862)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68862 Ord
Looking more closely, ZIP 68862 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $189K median. It rewards specialists, not generalists.
The 68862 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Looking more closely, 68862 offers a low basis, the region around Ord has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 68862 ZIP's population of 2,940 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Ord:
Property Strategy for 68862
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $112,278 | $960 | 6.2% | +8.8% | $56,139 |
| 3BR | $188,324 | $1,150 | 4.4% | +8.0% | $62,775 |
| 4BR | $230,057 | $1,280 | 4.0% | +8.2% | $57,514 |
Market Trends
Home Value History (with trend line)
📊 How Does 68862 Compare?
| Metric | 68862 | Ord | Nebraska |
|---|---|---|---|
| Home Value | $189,263 | $189,263 | $269,423 |
| 5-Year CAGR | 6.9% | 6.9% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 68862 (Ord, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68862 (Ord, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $189,263 |
| Monthly Rent | $864 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.6%). 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 68862
Population: 2,940
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 68862
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
Where do rents currently stand in Ord, NE?
Investors in Ord, NE typically see rents near $864/mo per month against $189K home values - a solid setup for rental cash flow.
What is the average home sale price in Ord, NE?
Typical homes in Ord, NE go for around $189K. The 5-year CAGR of 0.0% even-keeled price movement.
What is the typical vacancy rate in Ord, NE?
Ord, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What strategy should investors use in Ord, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Ord, NE. With home values at $189K and rents near $864/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is real estate in Ord, NE a good investment right now?
Ord, NE rates 3.0/5 for investability. With median values at $189K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
You know 68862 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68862 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.
AI Market Advisor
Ask questions about investing in 68862 (Ord)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68862 (Ord, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.