Location: Thurston County, NE | Metro: Burt County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
51,362 residents in ZIP code 68038 earn a median income of $51,362 annually, indicating a moderate economic base. 29.1% of these residents are renters, suggesting a significant demand for rental properties. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, which provides a benchmark for rental pricing. The median home value stands at $178,977, reflecting a relatively stable housing market. Unfortunately, the lack of data on days on market (DOM) and the percentage of price-cut shares makes it challenging to assess the current speed and flexibility of property sales. Given the established FMR and the notable renter population, landlords and small-portfolio investors should focus on maintaining competitive rental rates to attract tenants. The verdict for Section 8 participation in ZIP 68038 is positive, as the $960 FMR aligns well with the economic conditions and renter demographics.
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.