Location: Otoe County, NE | Metro: Johnson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 68324 is situated in a predominantly homeowner-oriented neighborhood with a total population of 162 residents. Only 4.0% of these residents are renters, indicating a low demand for rental properties. The median household income in this area is strong at $83,665, which suggests a relatively affluent community. The median home value stands at $296,454, reflecting the overall economic status of the area and the quality of housing available.
Moving into the specifics of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. However, the market rent for ZIP 68324 is not available, which could imply that the rental market is underdeveloped or that there is insufficient data to accurately determine market rates. This lack of market rent data makes it challenging to compare the FMR against actual local rents, but given the low percentage of renters and the high median income, it's reasonable to assume that the rental market is likely to be less competitive compared to other areas with higher percentages of renters.
Considering the characteristics of ZIP 68324, it would be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The low number of renters and the limited competition suggest that actively managing and improving rental properties may not yield significant returns. Instead, focusing on maintaining properties and ensuring compliance with Section 8 requirements while collecting steady rental income would be a more practical approach. For those interested in the long-term stability and predictability of Section 8 rents, this ZIP code offers an opportunity to invest in a less volatile market segment.
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.