Location: Otoe 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 | $830 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $238,336 | 0.44% | F |
| 3BR | $1,400 | $325,249 | 0.43% | F |
| 4BR | $1,550 | $476,447 | 0.33% | F |
U.S. Census Bureau data (2024)
ZIP 68347, located in Eagle, NE within Otoe County's metro area, can be effectively integrated into a Section 8 portfolio strategy as a cash-flow anchor. This designation is based on the disparity between the Fair Market Rent (FMR) set by HUD for fiscal year 2024 and the actual market rent in the area.
The FMR for a two-bedroom apartment in ZIP 68347 is $980, while the market rent stands at $1,115. This creates a spread of $135 per month, which landlords can leverage to ensure stable cash flow. Despite the higher market rent, the Section 8 program guarantees a steady income stream, mitigating the risk of vacancy and ensuring consistent returns.
While the appreciation potential in ZIP 68347 is limited, with no significant price-cut share or days on market (DOM) data available, the median home value of $351,326 still provides a solid foundation for investment. The median income of $88,281 suggests a relatively stable economic environment, although the 3.1% renter share indicates a smaller pool of potential Section 8 tenants.
To summarize, ZIP 68347 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Landlords can expect to generate a reliable income from the guaranteed rental payments, even if they are slightly below market rates. This makes it an attractive option for those looking to secure a predictable revenue stream without the volatility associated with other types of investments.
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.