Real Estate Investing in Benkelman, Nebraska (69021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69021 (Benkelman, 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: 20.4% of homes vacant — above national norms.
- 1-year downturn: Values declined 15.7% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Benkelman, NE (69021)?
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Market Analysis: 69021 Benkelman
From an investor standpoint, ZIP 69021 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $147K median. It rewards specialists, not generalists.
The investment case in 69021 is durable only for operators who understand what they are buying. A $147K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NE, ZIP 69021 trails on several market indicators that neighboring Dundy County submarkets outperform. The gap is real and significant enough to shape underwriting.
The 69021 ZIP's population of 1,360 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Experienced landlords with local relationships tend to find 69021 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Benkelman:
Market Trends
Home Value History (with trend line)
📊 How Does 69021 Compare?
| Metric | 69021 | Benkelman | Nebraska |
|---|---|---|---|
| Home Value | $147,154 | $147,154 | $269,423 |
| 5-Year CAGR | N/A | N/A | 6.7% |
| Avg Rent | $864 | $864 | - |
| 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 69021 (Benkelman, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,154 |
| Monthly Rent | $864 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -15.7% ▼ |
| 3-Year CAGR | -5.4% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 69021
Population: 1,360
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 69021
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
What do rentals go for in Benkelman, NE?
Rental rates in Benkelman, NE average $864/mo. Tenant demand and $147K home values make the yield look reasonable by investor standards.
How much should I expect to pay for a home in Benkelman, NE?
Expect median prices around $147K in Benkelman, NE. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Benkelman, NE a smart market for rental property?
With a 2.0/5 investability score, Benkelman, NE ranks as a solid market for rental property investors. Median prices of $147K and rents of $864/mo drive the underlying numbers.
What approach is best for Benkelman, NE real estate?
The best-fit strategy in Benkelman, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the rental occupancy rate in Benkelman, NE?
Benkelman, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 69021 now. You don’t know where it ranks.
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