Location: Saunders County, NE | Metro: Saunders County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
940 FMR (zip FY 2024) stands as the Fair Market Rent for ZIP code 68070, indicating the maximum amount Section 8 vouchers can cover for rental units in this area. $1,143 market rent (Census ACS) reveals the average rent charged for rental properties, slightly above the FMR, suggesting landlords can expect to charge a premium over the voucher limit. $342,435 median home value underscores the significant investment required to purchase property in this ZIP code, reflecting a robust real estate market. 9.9% renter share highlights that nearly one-tenth of households in 68070 are renters, providing insight into the potential demand for rental properties. $63,750 median income signals the financial capacity of residents, which is critical for assessing the viability of rental pricing and tenant screening processes. While N/A-day DOM indicates missing data on the days on market for rentals, it does not detract from the overall positive outlook for rental investments. Similarly, the N/A% price-cut share suggests that there is little need to reduce asking prices to attract tenants, further supporting the stability of rental rates in this area.
Given these figures, it's evident that landlords and small-portfolio investors can leverage the higher market rents to achieve favorable returns while still adhering to Section 8 guidelines. The relatively high median home value and median income suggest a strong economic foundation, making this ZIP code attractive for rental investments. However, the limited data on days on market and price-cut share necessitates cautious optimism and thorough due diligence when considering new rental properties. In conclusion, the Section 8 program remains a viable option for landlords in 68070, with the potential to secure stable tenancies and maintain competitive rental prices.
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.