Location: York County, NE | Metro: Seward County, 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 | $1,220 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,170 | $291,776 | 0.74% | D |
U.S. Census Bureau data (2024)
In ZIP code 68313, there are several factors that could pose challenges for a landlord considering participation in the Section 8 program. Tenant turnover is a significant concern, as the market rent of $938 is notably lower than the Fair Market Rent (FMR) of $1370 for FY 2024. This disparity suggests that tenants may be drawn to Section 8 properties due to their higher rental subsidy, leading to frequent changes in occupancy and associated costs.
Vacancy exposure is another risk, given the lack of data on Days on Market (DOM), which can indicate how long it takes to fill a vacancy. Without this information, landlords must be prepared for potential periods where units remain unoccupied, affecting cash flow.
The deferred maintenance risk is elevated due to the relatively low median income of $72,132 compared to the typical home value of $278,582. Tenants with limited financial resources may struggle to maintain property standards, necessitating landlords to budget for regular upkeep and repairs.
However, these risks are somewhat mitigated by the high renter density in the area, indicated by a 4.1% renter share. High renter concentration typically correlates with greater demand for rental housing, including those supported by Section 8 vouchers. This increased demand can help ensure a steady stream of qualified applicants, reducing the likelihood of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 68313.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.