Section 8 Fair Market Rent (FMR) for ZIP 68328 - 2027
Location: Gage County, NE | Metro: Gage County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$66,719
Based on the available data, ZIP 68328, located in Gage County, Nebraska, presents itself as a diversifier within a Section 8 portfolio strategy. With a median home value of $209,151 and a median income of $66,719, the area offers a mix of affordability and stability that can complement a broader investment portfolio.
The spread between the Fair Market Rent (FMR) for ZIP 68328, which is set at $1,130 for the metro area in fiscal year 2026, and the current market rent of $978, indicates a potential cash-flow anchor opportunity. However, given the median home value and the relatively low median income, this ZIP code is better suited for diversification rather than being solely focused on cash flow.
- Affordability: The median home value is lower than the national average, making it easier for tenants to afford housing, especially with the support of Section 8 vouchers.
- Rental Market: With a 25.6% renter share, there is a significant portion of the population that relies on rental properties, creating a stable demand for rental units.
- Economic Stability: The median income of $66,719 suggests a modest but steady economic environment, suitable for maintaining a reliable tenant base.
ZIP 68328 does not show strong indicators for appreciation, such as a high percentage of price-cut shares or a low number of days on the market. Therefore, it is not recommended as an appreciation play. Instead, the area's characteristics make it a solid choice for diversifying a Section 8 portfolio, providing a balance between manageable property values and a consistent rental market.
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.