Location: Saunders County, NE | Metro: Saunders County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
U.S. Census Bureau data (2024)
The ZIP code 68018 is not predominantly a renter-heavy area. With only 5.8% of the population renting, it indicates that homeownership is more prevalent in this region. The median household income stands at $94,141, which provides context for evaluating the local rental market.
The average market rent of $1,094 in this ZIP is nearly equivalent to the Fair Market Rent (FMR) set at $1,100 for FY 2024. This parity suggests that landlords can expect to receive rents close to the federally determined FMR for the area, which is beneficial for maintaining competitive pricing without overcharging tenants.
To understand the financial strain on potential tenants, consider that the typical rent of $1,094 consumes approximately 1.16% of the median household income. This calculation is derived from dividing the average rent by the median income ($1,094 / $94,141 = 0.0116). In other words, rent constitutes about 1.16% of the monthly income for a household earning the median amount, indicating that the cost of housing is relatively low compared to income levels.
Given these conditions, landlords in ZIP 68018 should anticipate a tenant pool that is largely composed of individuals who can afford market rates without heavy reliance on housing vouchers. While some tenants might still use vouchers, the scarcity of renters overall means that landlords have less incentive to accept vouchers, especially those below the FMR.
A typical tenant profile would include individuals or families with stable incomes, likely employed in various sectors of the local economy. They would be able to cover their rent without significant difficulty, given the moderate rent-to-income ratio. Landlords should prepare to attract and retain tenants by offering well-maintained properties with amenities that cater to middle-income households.
Data Sources: FMR data from HUD (2027). 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.