Location: Saunders County, NE | Metro: Saunders County, NE HUD Metro FMR Area
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 | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,470 | $278,185 | 0.53% | F |
U.S. Census Bureau data (2024)
In ZIP code 68041, there are several factors that could present challenges for a first-time Section 8 landlord. Tenant turnover is a significant risk, especially when considering the market rent stands at $844 compared to the Fair Market Rent (FMR) of $1000 for fiscal year 2024. This disparity suggests that tenants might struggle to afford even the lower market rents, leading to higher turnover rates which can be costly and time-consuming.
Vacancy exposure is another concern. With the days on market (DOM) being listed as N/A, it's unclear how long properties typically remain vacant before securing a tenant. However, the median home value of $280,481 and a median income of $74,000 indicate that residents might find it challenging to afford housing, potentially extending vacancy periods and reducing rental income.
The deferred maintenance exposure is also noteworthy. The median income of $74,000 implies that homeowners might delay necessary repairs due to financial constraints. For landlords, this could mean inheriting properties in need of significant upkeep, which would require additional capital outlay.
On the positive side, the 12.6% renter share in the area signals a high concentration of renters. This typically translates into a greater demand for rental properties, including those that accept Section 8 vouchers. High renter density can help mitigate some of the risks associated with vacancy and turnover, as there is a larger pool of potential tenants to draw from.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.