Location: Butler County, NE | Metro: Seward County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
73,333 The median income in ZIP code 68314 indicates a moderate economic base, which can influence tenant eligibility for Section 8 programs. 870 For the fiscal year 2024, the Fair Market Rent (FMR) is set at $870, providing a benchmark for rental properties seeking to participate in the Section 8 program. 900 However, the market rent, according to Census ACS data, stands at $900, suggesting a slight premium over the FMR for non-subsidized units. 293,295 With a median home value of $293,295, property owners in this area might find that their investments are well-positioned for both market and subsidized rents. 7.7 In terms of occupancy, the 7.7% share of renters points to a relatively low demand for rentals compared to homeownership, which could impact the pool of potential Section 8 tenants. N/A The lack of data on days on market (DOM) and the percentage of price-cut shares suggests that there isn't significant fluctuation in the rental market, indicating stability but also a possible gap in understanding the competitive landscape. 870 Given the $870 FMR, landlords should ensure their properties meet the necessary standards to attract Section 8 tenants without sacrificing profitability. 900 Balancing the $900 market rent against the $870 FMR will be key for maximizing returns while maintaining compliance with housing assistance guidelines. 293,295 The high median home value of $293,295 may deter some Section 8 applicants, but it also provides a strong asset value for landlords. 7.7 Despite the 7.7% renter share, the steady median income of $73,333 supports a stable local economy, which is beneficial for long-term investment strategies. 870 To conclude, the $870 FMR aligns reasonably well with the local economic conditions and property values, making Section 8 participation a viable option for landlords and small-portfolio investors in ZIP code 68314.
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.