Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $257,234 | 0.47% | F |
| 3BR | $1,590 | $341,107 | 0.47% | F |
| 4BR | $1,800 | $461,214 | 0.39% | F |
| 5BR | $2,088 | $580,135 | 0.36% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 68008 in Blair, Nebraska, for fiscal year 2024 is set at $1000. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that a landlord can receive from the government for renting a unit to a qualified tenant. It's important to note that this is not the rent you charge your tenants; it's the reimbursement limit from the housing authority.
To put this into perspective, the average rent in Blair, NE, based on Census ACS data, is $942. This suggests that the FMR is slightly higher than the typical market rate, which could be beneficial for landlords participating in the Section 8 program. However, the actual rent you charge should still be reasonable and competitive with other local rental properties.
The 17.4% share of renters in Blair indicates a moderate demand for rental units. While this percentage isn't exceptionally high, it does suggest that there is a steady pool of potential tenants who might benefit from the Section 8 program. Given the FMR, landlords can expect to attract tenants who qualify for assistance and can afford the rent.
If you're considering purchasing a property for your first Section 8 rental, the median home value in Blair is approximately $349,306. This figure reflects the typical acquisition cost for a home in the area. It's crucial to ensure that the property meets all the necessary requirements for the Section 8 program, including being in good repair and meeting safety standards.
Before proceeding with a Section 8 rental, verify that the property complies with the housing quality standards (HQS) set by the Department of Housing and Urban Development (HUD). This ensures that your property will pass inspections and remain eligible for the program. Compliance with these standards is mandatory and will protect both you and your tenants.
In summary, the FMR of $1000 offers a clear benchmark for the maximum reimbursement from the government. With an average rent of $942 and a 17.4% renter share, there is a reasonable demand for rental units. The median home value of $349,306 gives a sense of the investment required. Ensure the property meets HUD's HQS to avoid any issues once you've made your purchase.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.