Real Estate Investing in Palisade, Nebraska (69040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69040 (Palisade, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.9% 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 Palisade, NE (69040)?
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Market Analysis: 69040 Palisade
ZIP 69040 inside Hitchcock County looks affordable on the surface — median value of $126K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 69040 is healthy only for operators who understand what they are buying. A $126K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 69040 offers a low basis, the region around Palisade has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 69040 ZIP's population of 574 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Palisade:
Market Trends
Home Value History (with trend line)
📊 How Does 69040 Compare?
| Metric | 69040 | Palisade | Nebraska |
|---|---|---|---|
| Home Value | $125,653 | $125,653 | $269,423 |
| 5-Year CAGR | 6.2% | 6.2% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 5.4% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69040 (Palisade, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $125,653 |
| Monthly Rent | $864 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (5.4%). 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 69040
Population: 574
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 69040
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 are rents in Palisade, NE?
Rents in Palisade, NE run near $864/mo. Compared with median home prices of $126K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Palisade, NE?
Palisade, NE offers a even-keeled renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is housing expensive in Palisade, NE?
In Palisade, NE the median home value sits at $126K. Against the broader NE market, that reads as reasonable for most investors.
Should investors consider Palisade, NE?
Investors tracking Palisade, NE will find a 3.0/5 rating supported by $126K median home values and $864/mo rents. That profile suits long-term holders targeting consistent returns.
How strict are landlord regulations in Palisade, NE?
NE ranks as a landlord-friendly state for landlord-tenant law. Palisade generally follows the statewide framework, so landlords face reasonable operating rules.
You know 69040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 69040 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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