Real Estate Investing in Harrison, Nebraska (69346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 69346 (Harrison, 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: 41.4% 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 Harrison, NE (69346)?
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Market Analysis: 69346 Harrison
Not every below-median market is a bargain. Harrison's 69346 ZIP shows signals that favor experienced operators who can absorb the risk $192K pricing implies.
From a cash-flow lens, the numbers look inviting — $192K purchase price, 0.0% nominal cap — the work to hit that pro forma in 69346 is substantial and deserves full respect.
Regionally, 69346 sits on the difficult end of the NE spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 69346 includes headwinds that any investor should price in. Income distribution skews lower than Harrison averages, and tenant stability requires active management.
The 69346 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Harrison:
Property Strategy for 69346
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,835 | $1,010 | 5.1% | +5.7% | $71,417 |
| 3BR | $206,883 | $1,320 | 4.6% | +7.8% | $68,961 |
Market Trends
Home Value History (with trend line)
📊 How Does 69346 Compare?
| Metric | 69346 | Harrison | Scottsbluff, NE | Nebraska |
|---|---|---|---|---|
| Home Value | $192,067 | $192,067 | N/A | $269,423 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.7% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 69346 (Harrison, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,067 |
| Monthly Rent | $909 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +17.3% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.7%). 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 69346
Population: 475
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 69346
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 Harrison, NE a good place for real estate investing?
Yes - Harrison, NE a 3.0/5 investability score. With $192K home prices against $909/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much is rent in Harrison, NE?
Rents in Harrison, NE run near $909/mo. Compared with median home prices of $192K that produces solid gross yields for typical rentals.
What kind of vacancy should I budget for in Harrison, NE?
Harrison, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is tenant demand in Harrison, NE?
Working renters make up the core of the Harrison, NE tenant base. The pool is reasonable for investors targeting long-term holds.
How do experienced investors play Harrison, NE?
The best-fit strategy in Harrison, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 69346 now. You don’t know where it ranks.
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How 69346 ranks in Scottsbluff, NE
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