Location: Saunders County, NE | Metro: Lincoln, NE 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 | $900 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,500 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,500 | $286,091 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 68017, located within the Saunders County, NE HUD Metro FMR Area, has a Fair Market Rent (FMR) of $960 for fiscal year 2024. This figure closely matches the market rent at $963, indicating that the rental prices in this area are aligned with what the HUD considers fair for the region.
The median home value in ZIP 68017 stands at $335,941, which is lower than some other areas within the county but still represents a significant investment. The renter share in this ZIP code is 9.0%, which is relatively low compared to urban centers but can be indicative of a mix of owner-occupied homes and rental properties.
To determine whether 68017 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must consider how these figures stack up against the broader Saunders County, NE HUD Metro FMR Area. A value pocket typically has lower home values and higher renter shares, suggesting it might attract more affordable housing options and potentially Section 8 tenants. A mid-tier neighborhood would have average home values and renter shares, while a premium sub-market would feature higher home values and possibly lower renter shares.
In ZIP 68017, the alignment between the FMR and market rent suggests stability in the rental market. However, the lower home value combined with a modest renter share indicates that this area could be considered a value pocket. It is particularly noteworthy when considering the potential for Section 8 participation, as a higher proportion of renters in an area with below-average home values often signifies a sweet spot for such programs.
Landlords and small-portfolio investors should take note of these trends. The ZIP code's characteristics suggest it offers opportunities for stable rental income without the need for premium pricing. This makes it a viable option for those looking to balance risk and reward in their investment portfolios.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.