Location: Saline County, NE | Metro: Lincoln, NE HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $189,759 | 0.56% | F |
| 3BR | $1,460 | $263,691 | 0.55% | F |
| 4BR | $1,610 | $314,738 | 0.51% | F |
U.S. Census Bureau data (2024)
In ZIP code 68333 in Crete, NE, there are several factors that could negatively impact an investment in Section 8 properties. Tenant turnover is a significant concern, as the market rent stands at $945 compared to the Fair Market Rent (FMR) of $920 for fiscal year 2024. This discrepancy suggests that tenants might be inclined to seek higher-paying opportunities outside of Section 8, leading to frequent changes in occupancy.
Vacancy exposure is another critical issue. With the Days on Market (DOM) being listed as N/A, it's unclear how quickly rental units can be filled. This uncertainty can result in periods where properties remain vacant, leading to lost revenue and increased financial strain on the landlord.
The deferred-maintenance exposure is substantial given the typical home value of $241,288 and the median income of $81,083. Landlords must be prepared to invest in regular maintenance and upgrades to ensure compliance with housing standards and maintain property value. The gap between home values and median income indicates that residents may have limited resources to cover unexpected repairs or improvements, thus placing the burden on the landlord.
However, these risks are offset by the high renter density in the area. With 25.1% of the population renting, there is a robust demand for affordable housing. This high percentage of renters typically translates into a strong demand for Section 8 vouchers, ensuring a steady stream of qualified tenants who can afford the rent.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.