Real Estate Investing in Gothenburg, Nebraska (69138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69138 (Gothenburg, 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: 14.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gothenburg, NE (69138)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 69138 Gothenburg
The 69138 ZIP in Gothenburg, NE is a local-operator market. Outside capital chasing a $203K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 69138 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 69138's metrics run below Dawson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 4,304 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 69138 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 Gothenburg:
Property Strategy for 69138
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,932 | $960 | 4.9% | +6.4% | $70,466 |
| 3BR | $213,627 | $1,220 | 4.1% | +6.0% | $71,209 |
| 4BR | $225,582 | $1,280 | 4.1% | +5.6% | $56,395 |
Market Trends
Home Value History (with trend line)
📊 How Does 69138 Compare?
| Metric | 69138 | Gothenburg | Lexington, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $203,290 | $203,290 | N/A | $269,423 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69138 (Gothenburg, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 69138 (Gothenburg, NE)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $203,290 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 69138
Population: 4,304
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 69138
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 do experienced investors play Gothenburg, NE?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Gothenburg, NE. The numbers - $203K homes against $864/mo rents - support that play.
What is the rental occupancy rate in Gothenburg, NE?
Gothenburg, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are rents high in Gothenburg, NE?
Rents in Gothenburg, NE run near $864/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Gothenburg, NE?
The house hack math a challenging in Gothenburg, NE. Owner-occupant buyers benefit from the $864/mo rents and $203K home values.
How deep is the rental pool in Gothenburg, NE?
The tenant pool in Gothenburg, NE is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
You know 69138 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 69138 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.
How 69138 ranks in Lexington, NE
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 69138 (Gothenburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 69138 (Gothenburg, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.