Real Estate Investing in Cody, Nebraska (69211)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69211 (Cody, 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: 31.3% 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 Cody, NE (69211)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 69211 Cody
ZIP 69211 inside Cherry County looks affordable on the surface — median value of $182K — but the discount exists for reasons that a careful buyer should understand before committing.
The 69211 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NE, ZIP 69211 trails on several market indicators that neighboring Cherry County submarkets outperform. The gap is real and significant enough to shape underwriting.
Employment concentration in 69211 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. healthy returns are possible in 69211, 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 Cody:
Market Trends
Home Value History (with trend line)
📊 How Does 69211 Compare?
| Metric | 69211 | Cody | Nebraska |
|---|---|---|---|
| Home Value | $182,101 | $182,101 | $269,423 |
| 5-Year CAGR | 6.9% | 6.9% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69211 (Cody, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,101 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.7%). 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 69211
Population: 305
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 69211
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 Cody, NE?
Rents in Cody, NE run near $864/mo. Compared with median home prices of $182K that produces solid gross yields for typical rentals.
What are vacancy rates like in Cody, NE?
Cody, NE sees elevated vacancy, which is reasonable relative to the broader NE rental market.
How does Cody, NE stack up for property investment?
Yes - Cody, NE a 3.0/5 investability score. With $182K home prices against $864/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Cody, NE suited for a house hack?
For house hackers, Cody, NE is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $182K property.
Is Cody, NE a friendly market for rental owners?
Cody, NE falls under NE landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 69211 now. You don’t know where it ranks.
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