Real Estate Investing in Alliance, Nebraska (69301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69301 (Alliance, 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: 12.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alliance, NE (69301)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 69301 Alliance
This part of Box Butte County is not an easy win. The 69301 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $864/mo on a $179K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 69301 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 69301 offers a low basis, the region around Alliance has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 9,525 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Alliance's stable or hybrid ZIPs before stepping into 69301. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Alliance:
Property Strategy for 69301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $98,202 | $730 | 5.4% | +5.5% | $98,202 |
| 2BR | $145,898 | $960 | 4.7% | +6.6% | $72,949 |
| 3BR | $206,489 | $1,180 | 4.1% | +6.3% | $68,830 |
| 4BR | $228,592 | $1,290 | 4.1% | +5.5% | $57,148 |
Market Trends
Home Value History (with trend line)
📊 How Does 69301 Compare?
| Metric | 69301 | Alliance | Scottsbluff, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $178,846 | $178,846 | N/A | $269,423 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 69301 (Alliance, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,846 |
| Monthly Rent | $864 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.8%). 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 69301
Population: 9,525
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 69301
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
Are there empty rentals in Alliance, NE?
Vacancy in Alliance, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $864/mo.
What is the tenant pool like in Alliance, NE?
The tenant pool in Alliance, NE is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
How does Alliance, NE rate as a rental market?
Alliance, NE scores 3.0/5 for investability. Home values sit at $179K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Alliance, NE a good market for FHA house hackers?
Alliance, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
What is the typical home price in Alliance, NE?
Homes in Alliance, NE typically sell near $179K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 69301 now. You don’t know where it ranks.
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How 69301 ranks in Scottsbluff, NE
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