Real Estate Investing in Phillips, Nebraska (68865)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68865 (Phillips, 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.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Phillips, NE (68865)?
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Market Analysis: 68865 Phillips
Investors eyeing 68865 need to respect the fundamentals at play. Home values of $355K come alongside slower price movement and elevated management overhead.
The investment case in 68865 is resilient only for operators who understand what they are buying. A $355K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 68865 sits on the difficult end of the NE spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 68865 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Phillips's stable or hybrid ZIPs before stepping into 68865. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Phillips:
Market Trends
Home Value History (with trend line)
📊 How Does 68865 Compare?
| Metric | 68865 | Phillips | Nebraska |
|---|---|---|---|
| Home Value | $355,482 | $355,482 | $269,423 |
| 5-Year CAGR | 5.6% | 5.6% | 6.7% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68865 (Phillips, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,482 |
| Monthly Rent | $918 |
| Price-to-Rent | 32.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.0%). 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 68865
Population: 1,050
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,674 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Phillips, NE?
Phillips, NE draws a even-keeled base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
How strong is Phillips, NE for real estate investors?
Phillips, NE scores 3.0/5 for investability. Home values sit at $355K and rents near $918/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What type of investing works in Phillips, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Phillips, NE. With home values at $355K and rents near $918/mo, other strategies can work but produce predictable rather than outsized returns.
Does Phillips, NE favor landlords or tenants?
Rental owners in Phillips, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the average home sale price in Phillips, NE?
Typical homes in Phillips, NE go for around $355K. The 5-year CAGR of 0.0% reliable price movement.
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