Real Estate Investing in Orleans, Nebraska (68966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68966 (Orleans, NE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Orleans, NE (68966)?
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Market Analysis: 68966 Orleans
ZIP 68966 in Orleans, NE carries a robust set of headwinds. Home values near $119K and rents of $864/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $119K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68966 is substantial and deserves full respect.
The gap between 68966 and stronger Orleans ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 68966 ZIP's population of 459 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Distressed ZIPs reward experience. solid returns are possible in 68966, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Orleans:
Market Trends
Home Value History (with trend line)
📊 How Does 68966 Compare?
| Metric | 68966 | Orleans | Nebraska |
|---|---|---|---|
| Home Value | $118,662 | $118,662 | $269,423 |
| 5-Year CAGR | 1.6% | 1.6% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68966 (Orleans, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $118,662 |
| Monthly Rent | $864 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (5.7%). 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 68966
Population: 459
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
Frequently Asked Questions
Is house hacking profitable in Orleans, NE?
House hacking in Orleans, NE is reasonable to execute. Prices around $119K and rents of $864/mo solid owner-occupant economics.
Should investors consider Orleans, NE?
With a 3.0/5 investability score, Orleans, NE ranks as a solid market for rental property investors. Median prices of $119K and rents of $864/mo drive the underlying numbers.
Where do home prices stand in Orleans, NE?
Orleans, NE home values average about $119K. That price point suits investors targeting rentals with $864/mo in monthly income.
Are eviction rules reasonable in Orleans, NE?
Orleans, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How high is vacancy risk in Orleans, NE?
Vacancy risk in Orleans, NE is elevated. That supports steady cash flow for typical rental holds.
You know 68966 now. You don’t know where it ranks.
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