Location: Otoe County, NE | Metro: Lincoln, NE HUD Metro FMR Area
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 | $840 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $297,412 | 0.4% | F |
| 3BR | $1,460 | $388,789 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 68301, located in Adams, NE, is situated within the broader Otoe County, NE metro area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1070, which is higher than the average market rent of $886. This suggests that while the government's estimate for affordable housing costs is above what the market currently dictates, it still aligns with the overall rental trends in the county.
The median home value in ZIP 68301 stands at $389,475. This figure is likely indicative of the general property values in the area, suggesting that homes here are priced within a range that could be considered mid-tier when compared to other ZIP codes in Otoe County. However, without additional data on the distribution of home values across the county, it's challenging to definitively categorize 68301 as either a value pocket or a premium sub-market solely based on this metric.
A noteworthy aspect of ZIP 68301 is its 12.7% renter share. This percentage is relatively high and could signal an attractive environment for landlords and small-portfolio investors interested in Section 8 properties. A higher proportion of renters, especially within a context where home values are not excessively high, can indicate a potential sweet spot for Section 8 investments. Landlords might find opportunities to offer properties at rates that meet or exceed the FMR, thus attracting tenants who benefit from federal assistance programs.
In summary, ZIP 68301 appears to be a mid-tier neighborhood within the Otoe County, NE metro area. It offers a balance between being neither the most expensive nor the least expensive option. The combination of a high renter share and an FMR slightly above the market rent suggests that it could be particularly advantageous for those involved in Section 8 real estate, providing a stable tenant base and reasonable returns on investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.