Real Estate Investing in Champion, Nebraska (69023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69023 (Champion, NE)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 20.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.8 — hard to cash-flow at these prices.
• 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 Champion, NE (69023)?
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Market Analysis: 69023 Champion
ZIP 69023 in Champion, NE carries a significant set of headwinds. Home values near $364K and rents of $954/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 69023 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
On the rental side, 69023 offers a low basis, the region around Champion has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 69023 includes headwinds that any investor should price in. Income distribution skews lower than Champion averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 69023, 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 Champion:
Market Trends
Home Value History (with trend line)
📊 How Does 69023 Compare?
| Metric | 69023 | Champion | Nebraska |
|---|---|---|---|
| Home Value | $363,836 | $363,836 | $269,423 |
| 5-Year CAGR | N/A | N/A | 6.7% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69023 (Champion, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $363,836 |
| Monthly Rent | $954 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | N/A |
| 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 (2.1%). 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 69023
Population: 327
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
What price range are homes in Champion, NE?
Median home price in Champion, NE is near $364K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the typical vacancy rate in Champion, NE?
Champion, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is it easy to find good tenants in Champion, NE?
Tenant demand in Champion, NE is solid. The local workforce $954/mo rents across most rental classes.
Is NE a landlord-friendly state?
The landlord environment in Champion, NE is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much rent can I charge in Champion, NE?
Rents in Champion, NE run near $954/mo. Compared with median home prices of $364K that produces solid gross yields for typical rentals.
You know 69023 now. You don’t know where it ranks.
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