Location: York County, NE | Metro: Hamilton County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
22.5% of residents in ZIP code 68319 are renters, indicating a significant portion of the population relies on rental housing. In this context, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,070, which is a benchmark figure for landlords and investors to consider when setting rental prices. The actual market rent, as per Census ACS data, is slightly higher at $1,121, suggesting that landlords can charge above the FMR without risking vacancy rates.
$234,155 is the median home value in ZIP 68319, reflecting the overall property values in the area. This figure is important for investors looking to purchase properties for their rental portfolios, as it provides insight into the average cost of real estate in the region. Additionally, the median income of $73,050 indicates the financial capacity of potential tenants to afford rents in this range, supporting the viability of rental investments.
While the days on market (DOM) and the percentage of price-cut shares are not available, these missing data points do not necessarily indicate poor performance or high competition. It's important to focus on the available metrics, such as the FMR and market rent, which are robust indicators of the rental market's health. The slight premium landlords can command over the FMR without sacrificing occupancy is a testament to the stability and demand in the local rental market.
In summary, ZIP 68319 presents a balanced opportunity for landlords and small-portfolio investors, with a strong rental market supported by reasonable property values and median incomes. The ability to charge close to or slightly above the FMR without risking vacancy makes this area attractive for those seeking steady rental income. For Section 8 investors, the current data suggest that participating in the program could be financially viable, given the alignment between the FMR and the local market conditions. Verdict: Section 8 participation is recommended in ZIP 68319.
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.