Section 8 Fair Market Rent (FMR) for ZIP 68183 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 68183 in fiscal year 2024 is set at $1180. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program, also known as the Housing Choice Voucher Program. It's important to note that this does not equate to the rent you can charge tenants; rather, it's the maximum amount HUD will pay on behalf of a tenant.

In ZIP 68183, the local market rent is currently N/A, which means the FMR of $1180 is likely higher than what most renters in the area would typically pay out-of-pocket. This could be advantageous for landlords, as it ensures they receive a competitive rate, even if it's not directly from the tenant. The N/A% of the population renting in this area indicates a steady demand for rental properties, making it a viable market for Section 8 rentals.

When acquiring a property in this ZIP code for a Section 8 rental, the average price is N/A. This suggests that the initial investment required to enter the Section 8 market might be relatively stable or predictable, based on current property values.

Before proceeding with a Section 8 rental in ZIP 68183, one key verification step is essential: ensure your property meets all the Housing Quality Standards (HQS) required by HUD. These standards cover everything from basic safety and sanitation to structural integrity and functionality of utilities. A property that fails to meet these criteria will not qualify for the program, regardless of its location or potential tenant interest.

Data Sources: FMR data from HUD (2027).

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.