Section 8 Fair Market Rent (FMR) for ZIP 68303 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor considering investing in ZIP 68303 might raise several concerns:

• Will FMR $960 (metro FY 2026) cover the mortgage on a $106,134 home?: According to recent mortgage rates, a 30-year fixed mortgage on a $106,134 home would likely have an APR of around 6.906%. Assuming a typical 20% down payment, the monthly mortgage payment would be approximately $550. Therefore, the FMR of $960 could indeed cover the mortgage, leaving a buffer for maintenance and other expenses.
• Is there enough renter demand at 13.9%?: The renter demand in ZIP 68303 is relatively low at 13.9%. However, given the peaceful and quiet environment described by RE/MAX, this area might attract tenants seeking a calm living space. While the data suggests lower demand, the appeal of the neighborhood could still support a modest rental market.
• Will vouchers keep pace with $675 market rents?: The FMR for ZIP 68303 is set at $960, which is above the current market rent of $675. This indicates that Section 8 vouchers should generally cover the market rent, providing a stable income stream for landlords. However, the specific usage of vouchers in this ZIP code is not directly available, so caution is advised when relying solely on voucher recipients.

Note that the data does not fully address the skepticism regarding the adequacy of renter demand and the precise usage of Section 8 vouchers in ZIP 68303. Nevertheless, the FMR and market rent figures suggest that investments in this area could be financially viable.

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.