Section 8 Fair Market Rent (FMR) for ZIP 68315 - 2027
Location: Thayer County, NE | Metro: Thayer County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$61,023
To determine if a landlord should buy in ZIP code 68315 for Section 8 investment, follow this decision tree:
- Does FMR $970 (metro FY 2026) clear debt service on a property?
- If the property's debt service is less than $970 per month, then the answer is Yes. The Fair Market Rent (FMR) can cover the mortgage payments.
- If the property's debt service is higher than $970 per month, then the answer is No. The FMR would not be sufficient to cover the mortgage payments.
- Is market rent above, at, or below FMR?
- If the market rent is above $970 per month, then the answer is It Depends. High market rents suggest strong demand, but also indicate that properties might not be occupied by Section 8 tenants who cannot afford higher rents.
- If the market rent is at $970 per month, then the answer is Yes. This aligns perfectly with the FMR, making it ideal for Section 8 tenants while still being competitive in the rental market.
- If the market rent is below $970 per month, then the answer is Yes. Properties will attract Section 8 tenants without leaving money on the table compared to the FMR.
- Are 11.1% renters + N/A-day DOM enough demand?
- If the days on market (DOM) is low, indicating quick turnover, then the answer is Yes. There is enough demand with a significant portion of renters and quick leasing times.
- If the DOM is high, suggesting slow leasing, then the answer is No. Even with 11.1% of the population being renters, the high DOM indicates a lack of demand for rental properties in this area.
The key to making a profitable Section 8 investment in ZIP 68315 lies in understanding the local rental dynamics and the financial viability of the properties you consider. Ensure that the FMR covers your debt service and evaluate the market rent against the FMR to gauge competitiveness. Finally, assess the demand by looking at the percentage of renters and the DOM to make an informed decision.
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.