Real Estate Investing in Bushnell, Nebraska (69128)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Kimball County • Population: 412 • Data updated: September 2026

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Should you buy in 69128 (Bushnell, NE)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 31.8% of homes vacant — above national norms.
  • Lower household income: $38,750 median — tenant affordability is tighter.

• 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 Bushnell, NE (69128)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $225,876
Avg Monthly Rent $891
1% Rule ✗ Does Not Meet
Median Income $38,750
% Renters 37.2%

Market Analysis: 69128 Bushnell

This part of Kimball County is not an easy win. The 69128 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.

Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 69128 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

The gap between 69128 and stronger Bushnell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

A robust renter share of 37% in 69128 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.

Strategically, 69128 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Bushnell:

C Below Average
Buy Confidence Score: 58/100
Affordability
10/25
Appreciation
18/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.8× the median income
Value Trend
Rising (+8.0%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $891/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.

Market Trends

Home Value History (with trend line)

$236K$213K$190K$167K$144K$121KFeb 2016May 2021Jul 2026

📊 How Does 69128 Compare?

Metric 69128 Bushnell Nebraska
Home Value $225,876 $225,876 $269,423
5-Year CAGR 4.5% 4.5% 6.7%
Avg Rent $891 $891 -
Cap Rate 3.1% 3.1% -
💡 Why Invest in 69128? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 37% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 69128 (Bushnell, NE). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.1%
Low
5yr Growth
+4.5%
Moderate

📊 Market Snapshot

Home Value $225,876
Monthly Rent $891
Price-to-Rent 21.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.7%
Cap Rate 3.1%
5-Year IRR 7.5%

📈 Home Appreciation

1-Year +8.0% ▲
3-Year CAGR +4.3% ▲
5-Year CAGR +4.5% ▲
10-Year CAGR +5.6% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.1%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

Vacancy
31.8%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+4.5%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 69128

Population: 412

💰 Median Household Income
$38,750
This area
$38,750
State
$70,851
USA
$74,580
🏠 Renter Occupied
37.2%
This area
37.2%
State
22.7%
USA
34.0%
💼 Unemployment Rate
1.2%
This area
1.2%
State
-5.2%
USA
3.7%
🎓 College Educated
3.4%
This area
3.4%
State
15.7%
USA
33.7%
👤 Median Age
44.9 years
This area
44.9 years
State
33.1 years
USA
38.9 years
🏚️ Vacancy Rate
31.8%
This area
31.8%
State
15.6%
USA
10.5%
👥 Population by Ethnicity
White 90.4%
Other/Mixed 9.6%
👶 Under 18
18.7%
This area
18.7%
USA
22.0%
👴 65 and Over
35.2%
This area
35.2%
USA
17.3%
📊 Poverty Rate
15.7%
This area
15.7%
USA
11.5%

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

How strict are landlord regulations in Bushnell, NE?

For rental operators, Bushnell, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

Is the tenant base reliable in Bushnell, NE?

Tenant quality in Bushnell, NE ranks as solid. Landlords generally report measured occupancy at market rents of $891/mo.

Does house hacking make sense in Bushnell, NE?

For house hackers, Bushnell, NE is a challenging. The $891/mo rent on a unit helps defray the mortgage on a $226K property.

Is Bushnell in NE worth investing in?

Bushnell, NE rates 3.0/5 for investability. With median values at $226K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.

Is housing expensive in Bushnell, NE?

Typical homes in Bushnell, NE go for around $226K. The 5-year CAGR of 0.0% measured price movement.

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