Real Estate Investing in Elsie, Nebraska (69134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69134 (Elsie, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.0 — hard to cash-flow at these prices.
• 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 Elsie, NE (69134)?
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Market Analysis: 69134 Elsie
The 69134 ZIP in Elsie, NE is a local-operator market. Outside capital chasing a $291K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 69134 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 69134 offers a low basis, the region around Elsie has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From a cash-flow lens, 338 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.
The 69134 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Elsie:
Market Trends
Home Value History (with trend line)
📊 How Does 69134 Compare?
| Metric | 69134 | Elsie | Nebraska |
|---|---|---|---|
| Home Value | $290,660 | $290,660 | $269,423 |
| 5-Year CAGR | 4.1% | 4.1% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69134 (Elsie, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,660 |
| Monthly Rent | $864 |
| Price-to-Rent | 28.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.3%). 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 69134
Population: 338
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
What is it like being a landlord in Elsie, NE?
NE law landlord-friendly for landlords, and Elsie inherits those rules. Investors should still review local ordinances for rental licensing.
What is the tenant pool like in Elsie, NE?
Expect a solid tenant pool in Elsie, NE. The rental market absorbs $864/mo rents without meaningful friction.
Are homes affordable in Elsie, NE?
Elsie, NE home values average about $291K. That price point suits investors targeting rentals with $864/mo in monthly income.
Does a duplex house hack pencil in Elsie, NE?
The a challenging house-hack environment in Elsie, NE reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Elsie, NE better for rentals, flips, or BRRRR?
For Elsie, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
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