Real Estate Investing in Eustis, Nebraska (69028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69028 (Eustis, 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: 13.4% 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 Eustis, NE (69028)?
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Market Analysis: 69028 Eustis
Not every below-median market is a bargain. Eustis's 69028 ZIP reports signals that favor experienced operators who can absorb the risk $254K pricing implies.
Looking more closely, the numbers look inviting — $254K purchase price, 0.0% nominal cap — the work to hit that pro forma in 69028 is substantial and deserves full respect.
Regionally, 69028 sits on the difficult end of the NE spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 69028 ZIP's population of 757 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 69028 is an operator game, not a passive one. Stepping back, entry prices of $254K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Eustis:
Market Trends
Home Value History (with trend line)
📊 How Does 69028 Compare?
| Metric | 69028 | Eustis | Lexington, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $253,509 | $253,509 | N/A | $269,423 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.7% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| 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 69028 (Eustis, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,509 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 69028
Population: 757
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 69028
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 strong is Eustis, NE for real estate investors?
Eustis, NE rates 3.0/5 for investability. With median values at $254K and rents near $1,017/mo, the market offers reasonable fundamentals for rental investors.
What price range are homes in Eustis, NE?
Median home price in Eustis, NE is near $254K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What are rental rates like in Eustis, NE?
Rental rates in Eustis, NE average $1,017/mo. Tenant demand and $254K home values make the yield look reasonable by investor standards.
Are there empty rentals in Eustis, NE?
Vacancy in Eustis, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,017/mo.
Is NE a landlord-friendly state?
The landlord environment in Eustis, NE is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 69028 now. You don’t know where it ranks.
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