Real Estate Investing in Ogallala, Nebraska (69153)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69153 (Ogallala, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ogallala, NE (69153)?
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Market Analysis: 69153 Ogallala
The 69153 ZIP covers a section of Ogallala that demands careful diligence. Prices near $231K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $231K asset, 69153 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 69153 and stronger Ogallala ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 69153 ZIP's population of 5,968 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. sturdy returns are possible in 69153, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Ogallala:
Property Strategy for 69153
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $109,365 | $760 | 5.0% | +7.9% | $109,365 |
| 2BR | $157,242 | $960 | 4.4% | +8.9% | $78,621 |
| 3BR | $223,834 | $1,170 | 3.8% | +8.5% | $74,611 |
| 4BR | $245,308 | $1,330 | 3.9% | +8.2% | $61,327 |
| 5BR | $312,848 | — | — | +7.3% | $62,570 |
Market Trends
Home Value History (with trend line)
📊 How Does 69153 Compare?
| Metric | 69153 | Ogallala | Nebraska |
|---|---|---|---|
| Home Value | $231,486 | $231,486 | $269,423 |
| 5-Year CAGR | 7.8% | 7.8% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 69153 (Ogallala, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,486 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.9%). 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 69153
Population: 5,968
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 69153
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 strong is Ogallala, NE for real estate investors?
Ogallala, NE rates 3.0/5 for investability. With median values at $231K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
What monthly rent should investors expect in Ogallala, NE?
Average rent in Ogallala, NE is approximately $864/mo per month. Against $231K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Ogallala, NE?
Tenant quality in Ogallala, NE ranks as solid. Landlords generally report stable occupancy at market rents of $864/mo.
What is the typical vacancy rate in Ogallala, NE?
Occupancy in Ogallala, NE runs measured with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
Which investment style suits Ogallala, NE?
A careful cash-flow rentals with hands-on management strategy Ogallala, NE best. The market produces steady results for that approach at the $231K price point.
You know 69153 now. You don’t know where it ranks.
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