Section 8 Fair Market Rent (FMR) for ZIP 68335 - 2027

Location: Thayer County, NE | Metro: Fillmore County, NE

Investment Score for ZIP 68335

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$790
2 Bedrooms	$1,010
3 Bedrooms	$1,220
4 Bedrooms	$1,350
5 Bedrooms	$1,566
6 Bedrooms	$1,754
7 Bedrooms	$1,894
8 Bedrooms	$1,989

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,220	$189,970	0.64%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

395

Median Household Income

$72,946

Housing Units

265

Renter Percentage

25.1%

Occupancy Rate

72.1%

Renter Occupied

The ZIP code 68335, located in the heart of rural Nebraska, offers a stable and predictable market for landlords and small-portfolio investors. The area is characterized by its low-cost living and modest property values, making it an attractive option for those seeking a conservative investment strategy.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960 per month. This figure represents the maximum amount that can be charged for a rental unit under the Section 8 program, providing a clear guideline for pricing your properties.
The market rent for the area, based on Census ACS data, stands at $688 per month. This indicates that the actual rental rates in the area are below the FMR, suggesting there's room for modest increases without pricing out potential tenants.
The median home value in ZIP 68335 is $151,030. This relatively low median value means that purchasing properties in this area is accessible for many investors, and the cost of entry is lower compared to urban centers.
Renters make up 25.1% of the housing market in this ZIP code. While this percentage is not exceptionally high, it does indicate a steady demand for rental properties, particularly for those who prefer the affordability and stability of the area.
The median income in the area is $72,946 per year. This provides insight into the financial capacity of potential tenants, suggesting that most residents can afford rents up to the FMR without significant strain.
The Days on Market (DOM) data is not available, which could imply either a very quick or slow sales process. However, given the stable nature of the rural market, it's likely that listings move fairly quickly once they're priced correctly.

In summary, ZIP 68335 presents a balanced opportunity for real estate investment, especially for those interested in the Section 8 program. With a fair market rent of $960 and a current market rent of $683, there is a clear margin for compliance while still attracting tenants. The median home value of $151,030 ensures that the cost of acquiring properties remains within reach for many investors. Given the median income of $72,946, tenants should be financially capable of meeting their rent obligations, supporting a stable cash flow. Despite the lack of DOM data, the consistent demand for rental properties, represented by the 25.1% renter share, suggests that well-priced and maintained rental units will find occupants promptly.

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.