Location: Dodge 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 | $760 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $141,808 | 0.73% | D |
| 3BR | $1,400 | $187,161 | 0.75% | D |
| 4BR | $1,400 | $260,343 | 0.54% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 68045 in Oakland, NE, reveals a market that is neither purely high-yield nor strictly low-stability, but rather a blend of both characteristics, leaning towards a steady-cashflow zone.
The yield analysis is based on the Federal Market Rent (FMR) and local market rent data. For fiscal year 2026, the FMR for the metro area is set at $960, while the market rent is estimated at $747. This indicates that the government subsidy for rental properties under the Section 8 program is higher than what the local market typically demands. The median home value in the area is $194,377, which suggests a relatively affordable housing market. Given these figures, landlords can expect a moderate yield when renting to Section 8 participants, as they will receive the higher FMR rate rather than the lower market rent.
Stability is assessed through the percentage of renters, average days on the market (DOM), and median household income. In ZIP 68045, 27.9% of residents are renters, indicating a smaller pool of potential tenants compared to areas with a higher percentage of renters. The lack of data on average days on the market implies that property turnover might be less frequent, contributing to greater stability. However, the median household income of $75,893 is a strong indicator of financial stability among the residents, suggesting that there is a reliable demand for rental properties.
Combining these factors, ZIP 68045 offers a stable cash flow opportunity due to the moderate yield from Section 8 subsidies and the stable income levels of residents. While the percentage of renters is not exceptionally high, the guaranteed income from the Section 8 program provides a safeguard against market fluctuations. Landlords should consider the lower market rent relative to the FMR as a positive factor, as it allows them to potentially offer competitive rates without sacrificing profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.