Location: Dodge County, NE | Metro: Dodge County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 68063, located in Dodge County, Nebraska, reveals key insights into its viability for Section 8 real-estate investment. To determine if the rent math works, we compare the Fair Market Rent (FMR) set at $1,330 for the metro area in fiscal year 2026 against the actual market rent reported at $1,308 according to the Census ACS. This indicates that landlords can expect a slight increase in rental income from current levels to meet the FMR, making it feasible for Section 8 participation.
Regarding the affordability of acquisitions, the median home value stands at $174,379. However, due to the lack of available data on days on market (DOM) and the percentage of homes requiring price cuts, it's challenging to assess how competitive the buying process might be. Despite this, the median home value suggests a relatively low barrier to entry compared to larger urban areas, which could be advantageous for small-portfolio investors.
Tenant demand is another critical factor. With a total population of 244 and a renter share of 21.8%, the pool of potential tenants is limited. This means landlords should expect a smaller number of applicants, which could affect occupancy rates and the speed at which units are filled. Nonetheless, the demand exists, and the FMR provides a solid benchmark for rental pricing.
In conclusion, ZIP 68063 presents a mixed picture for Section 8 investment. The rent math aligns well with expected increases in rental income to match the FMR. Acquisition costs appear manageable given the median home value, though the absence of DOM and price-cut data leaves some uncertainty about competition. Tenant demand is present but constrained by the small population size. For investors willing to navigate a niche market, this area offers a viable opportunity, especially considering the alignment between FMR and current market rents.
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.