Real Estate Investing in Lewellen, Nebraska (69147)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69147 (Lewellen, 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: 70.6% 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 Lewellen, NE (69147)?
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Market Analysis: 69147 Lewellen
Investors eyeing 69147 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
The 69147 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 69147's metrics run below Garden County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 69147 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Lewellen's stable or hybrid ZIPs before stepping into 69147. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lewellen:
Property Strategy for 69147
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,840 | $960 | 4.8% | +4.8% | $71,420 |
| 3BR | $336,335 | $1,160 | 2.5% | +9.1% | $112,112 |
Market Trends
Home Value History (with trend line)
📊 How Does 69147 Compare?
| Metric | 69147 | Lewellen | Nebraska |
|---|---|---|---|
| Home Value | $245,796 | $245,796 | $269,423 |
| 5-Year CAGR | 4.5% | 4.5% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69147 (Lewellen, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,796 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.7%). 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 69147
Population: 553
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
Is Lewellen, NE a good market for buy-and-hold investors?
Our data puts Lewellen, NE at 3.0/5 for investability. Home prices of $246K and rents around $864/mo create a solid backdrop for investor activity.
Are rents high in Lewellen, NE?
Rents in Lewellen, NE run near $864/mo. Compared with median home prices of $246K that produces solid gross yields for typical rentals.
What is the average home sale price in Lewellen, NE?
Expect median prices around $246K in Lewellen, NE. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
What strategy should investors use in Lewellen, NE?
A careful cash-flow rentals with hands-on management strategy Lewellen, NE best. The market produces measured results for that approach at the $246K price point.
What is the typical vacancy rate in Lewellen, NE?
Lewellen, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 69147 now. You don’t know where it ranks.
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