Location: Otoe County, NE | Metro: Johnson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68329 in fiscal year 2026 is set at $960. This figure represents the payment standard for Section 8 rentals in this area, which is the maximum amount that the Housing Choice Voucher program will pay landlords for rent. It does not reflect the actual rent you can charge your tenants.
In comparison, the average rent in ZIP 68329, based on Census American Community Survey data, is $640. This indicates that the FMR is higher than the typical market rate, providing a potential opportunity for landlords to receive a higher income through the Section 8 program.
The renter share in this ZIP code is 24.1%, suggesting a moderate demand for rental properties. However, with the Section 8 program, the demand is likely to be steady as it provides a reliable source of income through government subsidies.
If you're looking to acquire a property in ZIP 68329, the median home value is around $227,940. This figure gives you an idea of the investment required to enter the market here. Given the FMR and the local average rent, you could potentially see a positive cash flow if you manage to purchase a property below the median price.
Before proceeding with a Section 8 rental in ZIP 68329, ensure that the property meets the Housing Quality Standards (HQS) set by the U.S. Department of Housing and Urban Development (HUD). These standards are essential for qualifying for the voucher program and must be verified by a housing inspector. Compliance with HQS ensures that your rental unit is safe, decent, and sanitary, which is a requirement for participation in 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.