Real Estate Investing in Cambridge, Nebraska (69029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69029 (Cambridge, 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: 14.6% 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 Cambridge, NE (69029)?
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Market Analysis: 69029 Cambridge
On the rental side, ZIP 69029 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $215K median. It rewards specialists, not generalists.
The investment case in 69029 is notable only for operators who understand what they are buying. A $215K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Cambridge have seen price recovery that 69029 has not matched. Frontier County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 293 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 69029 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 Cambridge:
Market Trends
Home Value History (with trend line)
📊 How Does 69029 Compare?
| Metric | 69029 | Cambridge | North Platte, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $215,152 | $190,694 | N/A | $269,423 |
| 5-Year CAGR | 4.3% | 1.3% | N/A | 6.7% |
| Avg Rent | $918 | $891 | N/A | - |
| Cap Rate | 3.3% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69029 (Cambridge, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,152 |
| Monthly Rent | $918 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (3.3%). 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 69029
Population: 293
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Cambridge, NE?
The renter base in Cambridge, NE is reasonable for the $918/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Are landlord laws favorable in Cambridge, NE?
Rental owners in Cambridge, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What price range are homes in Cambridge, NE?
The median home value in Cambridge, NE is roughly $215K. That puts it reasonable relative to the NE statewide average.
How much rent can I charge in Cambridge, NE?
Rents in Cambridge, NE run near $918/mo. Compared with median home prices of $215K that produces solid gross yields for typical rentals.
Can owner-occupants cash flow in Cambridge, NE?
Cambridge, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $918/mo rent level.
You know 69029 now. You don’t know where it ranks.
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How 69029 ranks in North Platte, NE
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