Real Estate Investing in Culbertson, Nebraska (69024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69024 (Culbertson, 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: 20.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Culbertson, NE (69024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 69024 Culbertson
From an investor standpoint, ZIP 69024 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $215K median. It rewards specialists, not generalists.
For an experienced owner, 69024 can be a a strong candidate for hunting ground — but the discount at $215K reflects genuine risk that outside investors often underestimate.
Within NE, ZIP 69024 trails on several market indicators that neighboring Hitchcock County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 69024 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 69024 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 Culbertson:
Property Strategy for 69024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,505 | $1,180 | 6.6% | +6.9% | $64,253 |
| 3BR | $199,355 | $1,420 | 5.1% | +8.1% | $66,452 |
Market Trends
Home Value History (with trend line)
📊 How Does 69024 Compare?
| Metric | 69024 | Culbertson | Nebraska |
|---|---|---|---|
| Home Value | $215,034 | $215,034 | $269,423 |
| 5-Year CAGR | 5.8% | 5.8% | 6.7% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69024 (Culbertson, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,034 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.9%). 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 69024
Population: 1,088
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 69024
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 quickly do rentals get leased in Culbertson, NE?
Vacancy risk in Culbertson, NE is elevated. That supports even-keeled cash flow for typical rental holds.
Is the tenant base reliable in Culbertson, NE?
The renter base in Culbertson, NE is reasonable for the $1,062/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is Culbertson in NE worth investing in?
Our data puts Culbertson, NE at 3.0/5 for investability. Home prices of $215K and rents around $1,062/mo create a solid backdrop for investor activity.
Does a duplex house hack pencil in Culbertson, NE?
For house hackers, Culbertson, NE is a challenging. The $1,062/mo rent on a unit helps defray the mortgage on a $215K property.
What do landlords charge for rent in Culbertson, NE?
Rent in Culbertson, NE is around $1,062/mo. The resulting rent-to-value relationship with $215K pricing is reasonable for most investor models.
You know 69024 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 69024 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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