Location: Otoe County, NE | Metro: Otoe County, NE
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 | $890 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $303,997 | 0.53% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 68346 presents a nuanced picture that landlords and small-portfolio investors should consider carefully. The median home value stands at $271,461, which serves as a foundational metric for understanding the overall housing market health. However, the absence of data regarding the percentage of listings that have been reduced and the median days on market (DOM) limits our ability to fully assess short-term trends.
Despite these gaps, the median home value suggests a stable market. This stability is crucial for long-term investment strategies, particularly those focused on appreciation. For landlords, the forward-looking Federal Market Rent (FMR) figure of $960 for the metro area in fiscal year 2026 provides insight into rental dynamics. This indicates a steady demand for rental properties, assuming the FMR accurately reflects broader market conditions.
The lack of specific data on listing reductions and DOM can be interpreted as either a sign of market equilibrium where neither buyers nor sellers have significant leverage, or an indication of limited activity that might obscure underlying trends. In a balanced market, pricing power is shared between buyers and sellers, leading to moderate price increases rather than sharp spikes or drops.
For long-hold investors, the setup implied by the available data suggests a realistic appreciation thesis based on gradual market growth. The median home value of $271,461 and the projected FMR of $960 support the idea that property values will likely increase at a rate consistent with inflation and economic growth. This scenario does not promise rapid returns but offers a solid foundation for wealth accumulation over time.
Investors should also pay attention to broader economic indicators and local developments that could impact both home values and rental rates. A focus on maintaining quality properties and keeping rents competitive with the FMR will help ensure steady income and long-term capital appreciation.
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.