Location: York County, NE | Metro: Polk County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 68316, located in a county with a unique demographic profile, stands out due to its relatively low population of 414 residents, where 20.0% are renters. The median income here is $79,792, which is notably higher than the national average, indicating a generally affluent community. However, the median home value of $228,766 suggests that homeownership remains accessible despite the high income levels.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP 68316 is set at $960 for the fiscal year 2026, reflecting the rental costs in the metro area. This is significantly higher than the current market rent of $763, as reported by the Census ACS. Landlords participating in the Section 8 program can expect to receive a higher rent subsidy compared to typical market rates, which could be beneficial for covering maintenance and operational costs.
The data signature for ZIP 68316 reads as stable. With a high median income and a reasonable median home value, the area demonstrates financial stability among its residents. Additionally, the disparity between the FMR and the actual market rent indicates a potential opportunity for landlords to benefit from the Section 8 program without the risks associated with transitional markets where rents fluctuate unpredictably. Small-portfolio investors should consider this ZIP code for its favorable economic conditions and the consistent demand for affordable housing options, supported by the Section 8 program.
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.