Real Estate Investing in Arapahoe, Nebraska (68922)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68922 (Arapahoe, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.4% of homes vacant — above national norms.
- Declining values: -0.5% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Arapahoe, NE (68922)?
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Market Analysis: 68922 Arapahoe
Investors eyeing 68922 need to respect the fundamentals at play. Home values of $151K come alongside slower price movement and elevated management overhead.
The 68922 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Put differently, 68922 offers a low basis, the region around Arapahoe has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Put differently, 1,222 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 68922 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 Arapahoe:
Market Trends
Home Value History (with trend line)
📊 How Does 68922 Compare?
| Metric | 68922 | Arapahoe | Lexington, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $151,053 | $151,053 | N/A | $269,423 |
| 5-Year CAGR | N/A | N/A | N/A | 6.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68922 (Arapahoe, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,053 |
| Monthly Rent | $891 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | -2.8% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | -0.5% ▼ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (4.6%). 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 68922
Population: 1,222
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 68922
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
How tight is the rental market in Arapahoe, NE?
Vacancy risk in Arapahoe, NE is elevated. That supports measured cash flow for typical rental holds.
Is NE a landlord-friendly state?
Landlord-friendliness in Arapahoe, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much do tenants pay in Arapahoe, NE?
Expect rents around $891/mo per month in Arapahoe, NE. With home values at $151K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Arapahoe, NE?
Expect a solid tenant pool in Arapahoe, NE. The rental market absorbs $891/mo rents without meaningful friction.
What strategy should investors use in Arapahoe, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Arapahoe, NE. With home values at $151K and rents near $891/mo, other strategies can work but produce stable rather than outsized returns.
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