Metropolitan Area

North Platte, NE

Nebraska0
67
/100
Buy
#297 of 894 metros
Top 33% nationally for investing

Market Snapshot

$224,984
Median Home Price
12% below national median
$1,022/mo
Median Rent
26% below national median
5.45%
Rent-to-Price Ratio
Top 63% nationally
-$515
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$224,984
Down Payment (20%)$44,997
Loan Amount$179,987
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,022
Monthly P&I-$1,179
Est. Expenses (35%)-$358
Net Cash Flow-$515/mo
3.5%
Cap Rate (all cash)
-11.9%
Cash-on-Cash Return
5.45%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score
67/100
67
Cash Flow(30%)
52/100

Based on 5.45% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
90/100

Based on 6.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
82/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Strong price appreciation (+6.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$515/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Counties in North Platte, NE

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
North Platte, NE
67$224,984$1,0225.45%Buy

Rent vs buy in this metro

Rent vs buy in North Platte, NEMedian $212,587 · rent $972/mo

The Bottom Line

BuyNorth Platte, NE offers solid investment potential with good cash flow or appreciation prospects.

The North Platte, NE metro area scores 67/100, ranking #297 of 894 US metros (top 33%). The 5.45% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-515/mo
Cap Rate
3.5%
Cash-on-Cash
-13.7%

Ready to Invest in North Platte, NE?

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