Location: Nemaha County, NE | Metro: Nemaha County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
ZIP code 68321, located within the Nemaha County, NE metro, presents a unique profile compared to other ZIP codes in the area. The Fair Market Rent (FMR) for 68321 is set at $1,040 for fiscal year 2026, which is a key figure for landlords and small-portfolio investors interested in Section 8 housing opportunities.
The absence of market rent data for ZIP 68321 suggests that there might be limited private rental listings or data available, making it difficult to directly compare the FMR with prevailing market rates. However, the median home value of $197,048 indicates a relatively affordable residential market, which could be advantageous for both renters and property owners.
A noteworthy aspect of ZIP 68321 is its 13.7% renter share, which is higher than the national average but requires context from other ZIP codes in Nemaha County to determine if it is unusually high. If this percentage is indeed above the typical for the county, it could suggest a concentration of renters who rely on government assistance, such as Section 8 vouchers.
To evaluate whether 68321 is a value pocket, a mid-tier neighborhood, or a premium sub-market, we need to consider the FMR against the median home value. A median home value of $197,048 is lower than many metropolitan areas, suggesting that 68321 could be considered a value pocket where property investment remains relatively accessible. The FMR of $1,040 aligns with this assessment, indicating that rental income can be competitive relative to the cost of property ownership.
The higher-than-average renter share combined with below-metro home values could signal an attractive opportunity for landlords participating in the Section 8 program. This combination often points to a sweet spot where demand for affordable housing meets supply without the burden of extremely high property costs.
In conclusion, ZIP 68321 appears to be a value pocket within the Nemaha County, NE metro, offering a balance between affordable home values and a reasonable FMR for Section 8 participants. Landlords should take note of the potential for a higher renter population and the implications this has for the local rental market dynamics.
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.