Real Estate Investing in Madrid, Nebraska (69150)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69150 (Madrid, 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: 23.1% 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 Madrid, NE (69150)?
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Market Analysis: 69150 Madrid
Investors eyeing 69150 need to respect the fundamentals at play. Home values of $231K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $231K purchase price, 0.0% nominal cap — the work to hit that pro forma in 69150 is substantial and deserves full respect.
Statewide comparisons place 69150 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 69150 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 69150 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Madrid:
Market Trends
Home Value History (with trend line)
📊 How Does 69150 Compare?
| Metric | 69150 | Madrid | Nebraska |
|---|---|---|---|
| Home Value | $231,432 | $231,432 | $269,423 |
| 5-Year CAGR | 2.2% | 2.2% | 6.7% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69150 (Madrid, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,432 |
| Monthly Rent | $972 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 69150
Population: 379
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 does Madrid, NE stack up for property investment?
Madrid, NE reports an investability rating of 3.0/5, with median home values near $231K and average rents around $972/mo. That combination puts it in the sturdy tier for investor interest.
Do rentals sit vacant long in Madrid, NE?
Rental vacancy in Madrid, NE is elevated. Investors should budget normal turnover but not chronic empty units.
What is it like being a landlord in Madrid, NE?
NE law landlord-friendly for landlords, and Madrid inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of tenants rent in Madrid, NE?
Madrid, NE offers a consistent renter base at the $972/mo rent level. Tenant turnover is reasonable for well-managed properties.
What do rentals go for in Madrid, NE?
Average rent in Madrid, NE is approximately $972/mo per month. Against $231K home values that yields a reasonable rent-to-price ratio.
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