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 | $1,490 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 68042, located within the Saunders County, NE HUD Metro FMR Area, offers a straightforward analysis for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area is $920 for the fiscal year 2024. However, the lack of available market rent data for comparison means that we must rely solely on the HUD FMR to gauge the potential cash flow from voucher tenants.
Given the FMR of $920, voucher tenants will typically cashflow at this rate without requiring premium units. This indicates that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses with the rental income from Section 8 vouchers, making it a stable source of income for those who qualify.
The absence of data on the median home value in ZIP 68042 prevents us from calculating an exact rent-to-price ratio. Nonetheless, the fact that voucher tenants can generally cover their rents suggests that the local real estate market supports a reasonable rent-to-price ratio, which is beneficial for both buyers and renters.
Investors should also note the lack of information regarding the median days on market (DOM) and the percentage of homes that experience price cuts. While these metrics would provide insight into the rent-versus-buy dynamics, the current focus should remain on the stability and reliability of cash flow from Section 8 vouchers.
In summary, the strongest angle for investors in ZIP 68042 is the cash flow stability provided by the Section 8 program. Landlords can expect steady income without the need for premium units, ensuring a predictable financial outcome in their investment properties.
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.