Real Estate Investing in Hemingford, Nebraska (69348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69348 (Hemingford, 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: 17.6% 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 Hemingford, NE (69348)?
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Market Analysis: 69348 Hemingford
The 69348 ZIP covers a section of Hemingford that demands careful diligence. Prices near $212K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 69348 can be a a solid fit for hunting ground — but the discount at $212K reflects genuine risk that outside investors often underestimate.
ZIP 69348's metrics run below Box Butte County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 69348 includes headwinds that any investor should price in. Income distribution skews lower than Hemingford averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 69348, 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 Hemingford:
Property Strategy for 69348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $194,359 | $1,040 | 3.9% | +8.7% | $97,180 |
| 3BR | $254,018 | $1,280 | 3.6% | +7.6% | $84,673 |
Market Trends
Home Value History (with trend line)
📊 How Does 69348 Compare?
| Metric | 69348 | Hemingford | Scottsbluff, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $212,218 | $212,218 | N/A | $269,423 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 69348 (Hemingford, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,218 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (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 69348
Population: 1,355
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 69348
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
Is Hemingford in NE worth investing in?
Investors tracking Hemingford, NE will find a 3.0/5 rating supported by $212K median home values and $936/mo rents. That profile suits long-term holders targeting predictable returns.
Does Hemingford, NE favor landlords or tenants?
Rental owners in Hemingford, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Hemingford, NE real estate?
The best-fit strategy in Hemingford, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Hemingford, NE good for house hacking?
House hacking in Hemingford, NE is a challenging. With home values around $212K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.
What is the rental occupancy rate in Hemingford, NE?
Hemingford, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 69348 now. You don’t know where it ranks.
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How 69348 ranks in Scottsbluff, NE
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