Section 8 Fair Market Rent (FMR) for ZIP 68019 - 2027
Location: Dodge County, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Investment Score for ZIP 68019
N/A
Monthly Rent (2BR)
$1,060
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $780 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 3BR |
$1,410 |
$219,362 |
0.64% |
D |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$57,656
A landlord considering purchasing a property in ZIP code 68019 for Section 8 investment must navigate several key factors to make an informed decision. Here's a structured approach:
- Does FMR $1,160 (metro FY 2026) clear debt service on a $243,539 property?
- Yes. If the landlord can secure a mortgage with a low interest rate, say 4%, the annual debt service would be approximately $19,483. Dividing this by 12 gives a monthly debt service of about $1,624. With an FMR of $1,160, the landlord would need to ensure that the property has minimal maintenance costs or consider other income streams to cover the shortfall.
- No. At an FMR of $1,160, the landlord will not be able to fully cover the debt service on a $243,539 property under typical financing conditions. This makes the investment unviable unless there are significant tax benefits or subsidies that reduce the effective cost.
- Is market rent N/A (N/A) above, at, or below FMR?
- It depends. Given that the market rent data is not available, it's impossible to determine if it's above, at, or below the FMR. However, if the market rent is known to be below the FMR, the property could still be attractive for Section 8 tenants who might prefer it over higher-cost alternatives. If the market rent is above the FMR, landlords may struggle to fill vacancies without adjusting their expectations.
- Are 18.0% renters + N/A-day DOM enough demand?
- It depends. The rental market share of 18.0% suggests a moderate demand for rentals. However, the lack of data on days on market (DOM) complicates the analysis. A high DOM indicates weak demand, whereas a low DOM signals strong competition among potential tenants. Without this information, the landlord cannot accurately gauge the likelihood of maintaining occupancy levels.
To summarize, a landlord should first assess whether the FMR can cover the debt service, which is challenging given the figures provided. Next, understanding the relationship between market rents and the FMR is crucial but currently unknown. Lastly, while the rental market share is decent, the absence of DOM data prevents a definitive conclusion on demand sufficiency.
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.