Real Estate Investing in Wallace, Nebraska (69169)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69169 (Wallace, 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: 15.2% 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 Wallace, NE (69169)?
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Market Analysis: 69169 Wallace
On the rental side, ZIP 69169 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $199K median. It rewards specialists, not generalists.
The 69169 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NE picture, 69169 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A impressive renter share of 40% in 69169 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 69169 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 Wallace:
Market Trends
Home Value History (with trend line)
📊 How Does 69169 Compare?
| Metric | 69169 | Wallace | Nebraska |
|---|---|---|---|
| Home Value | $198,779 | $198,779 | $269,423 |
| 5-Year CAGR | 4.2% | 4.2% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69169 (Wallace, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,779 |
| Monthly Rent | $864 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.4%). 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 69169
Population: 465
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 69169
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 much rent can I charge in Wallace, NE?
Average rent in Wallace, NE is approximately $864/mo per month. Against $199K home values that yields a reasonable rent-to-price ratio.
How much should I expect to pay for a home in Wallace, NE?
Wallace, NE median home values land near $199K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
What are vacancy rates like in Wallace, NE?
Wallace, NE carries elevated vacancy risk. Expect reliable absorption at market rents of $864/mo.
What kind of tenants rent in Wallace, NE?
The renter base in Wallace, NE is reasonable for the $864/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Wallace, NE a good market for buy-and-hold investors?
Wallace, NE rates 3.0/5 for investability. With median values at $199K and rents near $864/mo, the market offers reasonable fundamentals for rental investors.
You know 69169 now. You don’t know where it ranks.
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