Real Estate Investing in Mullen, Nebraska (69152)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69152 (Mullen, 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: 32.3% 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 Mullen, NE (69152)?
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Market Analysis: 69152 Mullen
From an investor standpoint, ZIP 69152 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $142K median. It rewards specialists, not generalists.
Rent of $864/mo on a $142K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 69152 sits below the stated 0.0% once reality is priced in.
From a cash-flow lens, 69152 offers a low basis, the region around Mullen has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 69152 includes headwinds that any investor should price in. Income distribution skews lower than Mullen averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Mullen:
Market Trends
Home Value History (with trend line)
📊 How Does 69152 Compare?
| Metric | 69152 | Mullen | Nebraska |
|---|---|---|---|
| Home Value | $141,676 | $141,676 | $269,423 |
| 5-Year CAGR | 7.7% | 7.7% | 6.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 4.8% | 4.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69152 (Mullen, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,676 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +23.8% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (4.8%). 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 69152
Population: 707
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 69152
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 typical vacancy rate in Mullen, NE?
Expect elevated vacancy in Mullen, NE. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
What is the average home sale price in Mullen, NE?
Mullen, NE median home values land near $142K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
How much rent can I charge in Mullen, NE?
Average rent in Mullen, NE is approximately $864/mo per month. Against $142K home values that yields a reasonable rent-to-price ratio.
Is Mullen, NE landlord-friendly?
Landlord-friendliness in Mullen, NE is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Mullen, NE a good market for buy-and-hold investors?
Mullen, NE scores 3.0/5 for investability. Home values sit at $142K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 69152 now. You don’t know where it ranks.
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