Nebraska

Phelps County

ZIP 68949

8,983 residents9 permits TTM$65,988 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$173,300

ACS 5-Year

Cap rate proxy

5.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.2%

HUD FMR ÷ ACS HHI

Net migration

+0.98%

IRS SOI

Permits (TTM)

9

Census BPS

Climate risk

39.2

FEMA NRI (0–100)

ZIP 68949

Median home value

$205,389

Gross yield

5.6%

Cap rate

4.2%

Rent gap

24.7%

Affordability

P/I: 3.1R/I:

Section 8 detail

SAFMR: $961Rent: $724Gap: 32.7%
ZIP code breakdown5 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
68923$173,300county est.$9616.7%5.0%24.7%
68927$173,300county est.$9616.7%5.0%24.7%
68940$173,300county est.$9616.7%5.0%24.7%
68958$173,300county est.$9616.7%5.0%24.7%
68949$205,389$9615.6%4.2%24.7%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

69.9%

Census ACS

Vacancy rate

8.1%

Census ACS

Bachelor's degree +

26.7%

Census ACS

Rent burdened

41.2%

Census ACS (>30% income)

Median age

40.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026