Location: Saunders County, NE | Metro: Saunders County, NE HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 68033 stands out in its county due to a unique combination of demographic and economic factors. With only 287 residents, it is among the smallest ZIP codes in terms of population. However, despite its size, 11.3% of the residents rent their homes, indicating a modest but present rental market. The median income of $64,375 suggests a middle-class community, while the median home value of $358,053 points to relatively high property values, which could be indicative of limited housing stock or strong demand.
In the context of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 68033 in fiscal year 2024 is set at $930. This figure is slightly below the market rate of $950, as reported by the Census Bureau's American Community Survey (ACS). Landlords should note that this discrepancy might affect the attractiveness of the area for voucher holders, who may seek properties in nearby ZIP codes offering rents closer to the FMR.
The data signature of ZIP 68033 reads as stable. The small population and modest rental market suggest a steady demand for rental properties, rather than rapid changes. Additionally, the slight gap between the FMR and market rates does not pose significant risks to landlords or investors, making it a predictable environment for those interested in Section 8 participation. However, given the high median home value, it may also indicate a trend towards less affordable housing, which could influence future rental dynamics.
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.