Real Estate Investing in Harrisburg, Nebraska (69345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69345 (Harrisburg, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 35.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 38.7 — hard to cash-flow at these prices.
• 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 Harrisburg, NE (69345)?
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Market Analysis: 69345 Harrisburg
The 69345 ZIP in Harrisburg, NE is a local-operator market. Outside capital chasing a $401K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $401K asset, 69345 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 69345 and stronger Harrisburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 448 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 Harrisburg's stable or hybrid ZIPs before stepping into 69345. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Harrisburg:
Market Trends
Home Value History (with trend line)
📊 How Does 69345 Compare?
| Metric | 69345 | Harrisburg | Scottsbluff, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $401,313 | $401,313 | N/A | $269,423 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69345 (Harrisburg, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $401,313 |
| Monthly Rent | $864 |
| Price-to-Rent | 38.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +9.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (1.7%). 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 69345
Population: 448
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 69345
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
What is the best play in Harrisburg, NE?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Harrisburg, NE. The numbers - $401K homes against $864/mo rents - support that play.
Can owner-occupants cash flow in Harrisburg, NE?
House hacking in Harrisburg, NE is a challenging. With home values around $401K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
What monthly rent should investors expect in Harrisburg, NE?
Harrisburg, NE rentals go for roughly $864/mo a month. That puts gross yield in solid territory relative to $401K acquisition costs.
What are home prices like in Harrisburg, NE?
Homes in Harrisburg, NE typically sell near $401K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Is Harrisburg, NE a good market for buy-and-hold investors?
Harrisburg, NE scores 3.0/5 for investability. Home values sit at $401K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 69345 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 69345 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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