Keya Paha (NE) Investor Pulse Report (2025-Q4)

Nearly half of all SFR properties in Keya Paha County are investor-owned, totaling 79 out of 161 properties, representing a significant 49.1% market penetration.

Individual investors overwhelmingly dominate the landlord landscape, holding 71 SFR properties (89.9%) compared to companies owning just 8 properties (10.1%). This is further evidenced by a striking ratio of 68 individual landlords to only 6 company landlords.

The entire investor-owned portfolio, comprising all 79 properties, is held with cash and fully rented, with zero properties being financed. This highlights a market preference for unencumbered assets focused purely on rental income.

All 79 investor-owned properties are non-owner-occupied and designated as rented, reinforcing the exclusive focus of investors in Keya Paha County on generating rental income.

The investor market demonstrates a very small average portfolio size, with 79 properties distributed among 74 distinct landlord entities, averaging just 1.07 properties per landlord.

The near 50% investor ownership rate, coupled with individual and cash-only holdings, characterizes Keya Paha County as a mature, yield-focused market primarily driven by small-scale, local investors.

Keya Paha County experienced a complete absence of SFR landlord acquisitions during the entirety of 2024 and the 2020-2023 period, despite average prices being notionally listed at $50,000 and $50,091 respectively for zero purchases.

The lack of reported acquisition activity for landlords in recent years strongly indicates a stagnant buying market within Keya Paha County, with no new properties added to investor portfolios.

Crucially, there is no available data to establish a comparison between landlord acquisition prices and those of traditional homeowners or the overall market. This data gap prevents any analysis of potential landlord discounts or premiums in this region.

The absence of any pricing trends for landlords over time means that price appreciation or decline, typically a key indicator of market health, cannot be assessed for investor activity in this county.

The negligible historical purchase activity suggests that current investor holdings are long-term assets, with minimal market churn from recent acquisitions.

Keya Paha County recorded absolutely no SFR purchases in Q4 2025, with total purchases standing at 0, indicating a completely dormant market for the quarter.

Landlords made no SFR purchases whatsoever in Q4 2025, thus representing 0.0% of the total market and demonstrating a complete lack of buying activity from investors.

Given the absence of any purchases, no mom-and-pop landlords (Tier 01-04) or institutional investors (Tier 09) acquired properties in Q4 2025, showing uniform inactivity across all investor tiers.

The complete lack of Q4 activity implies that no new landlords entered the market and no existing landlords expanded their portfolios during this period.

This quarter's zero activity suggests a significant slowdown or pause in real estate transactions, affecting both investor and non-investor buyers in Keya Paha County.

Mom-and-pop landlords, encompassing Tiers 01-04, completely dominate the investor-owned SFR market in Keya Paha County, controlling 100.0% of all 79 properties.

The market's structure is heavily skewed towards single-property owners, with Tier 01 landlords holding 65 properties, which constitutes a significant 82.3% of the total investor-owned SFR portfolio.

No mid-size (Tiers 05-08) or institutional (Tier 09) investors are present in Keya Paha County, reinforcing its character as a market exclusively for small, localized investors.

Only 14 properties (17.7%) are held by two-property landlords (Tier 02), illustrating a limited progression to slightly larger portfolios within the mom-and-pop segment.

The absence of any available pricing data by tier prevents an analysis of whether larger or smaller investors pay different average prices for their properties in this county.

This concentration in the smallest tiers underscores that the primary growth driver for investor-owned housing in Keya Paha is likely organic entry of new single-property landlords, rather than portfolio expansion by existing investors or large-scale acquisitions.

Individual investors overwhelmingly dominate the smallest portfolios in Keya Paha County, controlling 61 (93.8%) of the 65 single-property (Tier 01) SFRs, compared to just 4 (6.2%) owned by companies.

While individual investors maintain their majority, company presence significantly increases in the two-property tier (Tier 02), accounting for 4 properties (28.6%) compared to 10 individual-owned properties (71.4%).

Based on the available data up to Tier 02, Keya Paha County does not show a crossover point where company ownership surpasses individual ownership; individuals remain the primary owners in all observed tiers.

The notable increase in company share from Tier 01 (6.2%) to Tier 02 (28.6%) suggests that while few in number, corporate entities in this market may be more inclined to pursue multi-property portfolios.

There is no available data to analyze how individual and company acquisition prices differ within specific tiers, limiting insights into their respective buying strategies.

The highly individual-centric ownership structure across the observable tiers reinforces the characterization of Keya Paha County as a market primarily sustained by small-scale, local landlords.

Investor-owned SFR properties in Keya Paha County exhibit extreme geographic concentration, with all 79 properties located exclusively within the NE-Keya Paha-68778 zip code.

The NE-Keya Paha-68778 zip code displays a remarkable investor ownership rate of 51.0%, indicating that over half of its SFR housing stock is held by investors.

Conversely, other zip codes within Keya Paha County, specifically NE-Keya Paha-68753 and NE-Keya Paha-68759, show no investor-owned properties, implying a complete absence of investor activity in those areas.

This pronounced concentration suggests that investor interest is highly localized within the county, likely due to specific market conditions or opportunities present only in the 68778 zip code.

Without data from other active sub-geographies, it is impossible to analyze variations in acquisition prices or compare landlord entity counts across different regions within Keya Paha County.

The singular focus on one zip code reflects either a very niche market for investors or significant barriers to entry in other parts of the county.

There is a complete absence of historical buy and sell transaction data for all landlords in Keya Paha County, preventing any analysis of past market activity or trends.

Due to this critical data gap, it is impossible to determine whether landlords in Keya Paha County have historically been net buyers or net sellers of SFR properties.

Specifically, there is also no transaction data available for institutional investors (1000+ tier), meaning their historical buying, selling, or net position cannot be assessed.

The lack of transaction records also precludes any analysis of inter-landlord trading activity, such as the percentage of properties bought from or sold to other landlords.

Without historical buy and sell prices, it is impossible to calculate implied profit margins or analyze how transaction prices have trended over time for investors in this market.

This significant data void suggests either an extremely illiquid market with infrequent transactions or a limitation in data coverage for Keya Paha County's historical investor activity.

Keya Paha County experienced a complete cessation of SFR transactions in Q4 2025, recording zero total transactions for the quarter.

Consequently, landlords participated in 0.0% of Q4 transactions, reflecting a total absence of buying and selling activity from investor entities.

Due to this market dormancy, no transaction volumes could be assessed for any investor tiers, including mom-and-pop (Tier 01-04) or institutional (Tier 09) landlords.

The average purchase prices for all tiers, including Tier 01 and Tier 09, are reported as $0, directly correlating with the lack of any purchase transactions during Q4.

This quarter's complete inactivity means there was no inter-landlord trading, indicating zero liquidity within the investor-to-investor segment of the market.

The pervasive stagnation across all buyer types and investor tiers in Q4 2025 paints a picture of a profoundly quiet real estate market in Keya Paha County.