Location: Johnson County, NE | Metro: Gage County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 68332 reveals several key points that landlords and small-portfolio investors should consider.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $980. However, without specific market rent data for ZIP 68332, it's challenging to directly compare the two figures. The FMR serves as a benchmark but does not account for local variations that could impact profitability.
Secondly, the acquisition affordability in ZIP 68332 cannot be fully assessed due to missing data on the median home value, days on market (DOM), and the percentage of homes needing price cuts. These metrics are crucial for understanding the cost and ease of acquiring rental properties in the area.
Thirdly, there is a notable tenant demand. With a population of 93 and a 15.4% renter share, approximately 14 individuals in this ZIP code are likely seeking rental housing. This indicates a stable demand for rental units, though the small population size suggests limited scale for investment opportunities.
Verdict: While the tenant demand in ZIP 68332 is evident, the lack of detailed market-specific data such as median home values and market rent makes it difficult to definitively assess the financial viability and acquisition costs. Investors should proceed with caution, ensuring they conduct thorough local research to complement the available data. The small population size also limits the potential for significant portfolio growth, making this ZIP code more suitable for those looking to manage a few properties rather than expand into a large-scale operation.
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.