Real Estate Investing in Upland, Nebraska (68981)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68981 (Upland, 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: 23.9% of homes vacant — above national norms.
- Elevated poverty: 21.4% poverty rate — can affect rent collection.
• 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 Upland, NE (68981)?
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Market Analysis: 68981 Upland
From a cash-flow lens, ZIP 68981 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $239K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $239K asset, 68981 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 68981 sits on the difficult end of the NE spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 68981 ZIP's population of 172 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
appears 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 Upland:
Market Trends
Home Value History (with trend line)
📊 How Does 68981 Compare?
| Metric | 68981 | Upland | Nebraska |
|---|---|---|---|
| Home Value | $238,658 | $238,658 | $269,423 |
| 5-Year CAGR | 8.5% | 8.5% | 6.7% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68981 (Upland, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,658 |
| Monthly Rent | $945 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +15.1% ▲ |
| 3-Year CAGR | +11.7% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.1%). 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 68981
Population: 172
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
Do landlords face vacancy issues in Upland, NE?
Expect elevated vacancy in Upland, NE. Rents at $945/mo are absorbed by the tenant base without meaningful lag.
What kind of tenants rent in Upland, NE?
Upland, NE offers a predictable renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
Where do rents currently stand in Upland, NE?
The typical rental in Upland, NE commands about $945/mo monthly. That rent profile predictable cash flow against the $239K purchase basis.
Is Upland, NE a good market for FHA house hackers?
Upland, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $239K price point reasonable to enter.
How does Upland, NE rate as a rental market?
Upland, NE rates 3.0/5 for investability. With median values at $239K and rents near $945/mo, the market offers reasonable fundamentals for rental investors.
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