Real Estate Investing in Mitchell, Nebraska (69357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69357 (Mitchell, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mitchell, NE (69357)?
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Market Analysis: 69357 Mitchell
The 69357 ZIP covers a section of Mitchell that demands careful diligence. Prices near $218K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 69357 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 69357's metrics run below Scotts Bluff County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 3,563 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.
Distressed ZIPs reward experience. significant returns are possible in 69357, 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 Mitchell:
Property Strategy for 69357
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $155,665 | $1,080 | 5.0% | +7.8% | $77,833 |
| 3BR | $220,572 | $1,430 | 4.7% | +8.2% | $73,524 |
| 4BR | $250,351 | $1,520 | 4.4% | +8.2% | $62,588 |
Market Trends
Home Value History (with trend line)
📊 How Does 69357 Compare?
| Metric | 69357 | Mitchell | Scottsbluff, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $218,057 | $218,057 | N/A | $269,423 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69357 (Mitchell, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,057 |
| Monthly Rent | $972 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.5%). 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 69357
Population: 3,563
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 69357
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 housing expensive in Mitchell, NE?
Mitchell, NE median home values land near $218K. That is reasonable territory for investors looking at $972/mo-per-month rentals.
How much rent can I charge in Mitchell, NE?
Rents in Mitchell, NE run near $972/mo. Compared with median home prices of $218K that produces solid gross yields for typical rentals.
What approach is best for Mitchell, NE real estate?
The best-fit strategy in Mitchell, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Mitchell, NE suited for a house hack?
For house hackers, Mitchell, NE is a challenging. The $972/mo rent on a unit helps defray the mortgage on a $218K property.
Are renters plentiful in Mitchell, NE?
Mitchell, NE draws a measured base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
You know 69357 now. You don’t know where it ranks.
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How 69357 ranks in Scottsbluff, NE
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