Location: Thurston County, NE | Metro: Burt County, NE
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 | $740 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $108,661 | 0.93% | C |
| 3BR | $1,370 | $170,874 | 0.8% | C |
U.S. Census Bureau data (2024)
The ZIP code 68020, located in Decatur, Nebraska, presents a modest but stable environment for landlords considering Section 8 tenants. With a population of 644, 21.4% of residents are renters, indicating a smaller but still significant demand for rental properties. This percentage suggests that while the area isn't dominated by renters, there is a notable presence of individuals who rely on rental housing, including those who might use Section 8 vouchers.
The median household income in this area stands at $48,750, which provides context for the affordability of housing. The average market rent of $617 represents approximately 12.7% of the median household income, a figure that is generally considered manageable. However, it's important to note that the Fair Market Rent (FMR) for the metro area is $960, indicating that the rental market in 68020 is below the regional average, which could be a positive factor for attracting tenants who might find the higher FMR unaffordable.
In terms of voucher usage, the scarcity of renters in 68020 might imply that the number of available Section 8 vouchers is limited. Nevertheless, the lower market rent compared to the FMR means that even with vouchers, tenants can afford decent living spaces without exhausting their entire budget. Landlords in this area should expect tenants who are likely to be price-sensitive due to the relatively low median income and the availability of rental units at below-average rates.
To summarize, 68020 is a homeowner-dominated ZIP with a niche but present demand for rental properties. The typical rent eats up about 12.7% of the local income, making it feasible for most residents. Landlords should anticipate tenants who are financially cautious and possibly reliant on assistance such as Section 8 vouchers to meet their housing needs.
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.