Location: Pawnee County, NE | Metro: Johnson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
9.9% of residents in ZIP code 68348 are renters, indicating a modest demand for rental properties in the area. With a Fair Market Rent (FMR) of $1,050 for metro areas in fiscal year 2026, landlords can set their rental prices competitively while ensuring they meet the standards required for Section 8 participation. The Census ACS reports a market rent of $275, which is significantly lower than the FMR, suggesting that there might be room for price increases without alienating potential tenants.
$71,597 is the median income for the area, providing insight into the financial capabilities of prospective tenants. Although the median home value is not available, the absence of data on days on market (DOM) and the percentage of price-cut share indicates a stable housing market without excessive fluctuations or long periods of unsold inventory. This stability can be beneficial for landlords and small-portfolio investors looking for consistent returns.
Investors should note that the FMR of $1,050 is set by HUD and represents the maximum amount that a landlord can charge for a Section 8 voucher. The lower market rent figure of $275 suggests that many landlords might currently be charging below the FMR, but there's an opportunity to adjust upwards to maximize income while still remaining attractive to tenants. However, it's crucial to balance these increases with the median income of $71,597 to ensure affordability and maintain a steady tenant base.
The Section 8 program in ZIP 68348 can be a reliable source of income for landlords, given the alignment between the FMR and HUD guidelines. While the exact median home value is unknown, the relatively low market rent and stable housing market conditions suggest that the area is suitable for Section 8 participation. The modest renter share of 9.9% implies that the competition for Section 8 vouchers may not be as intense as in more densely populated areas, making it easier for landlords to secure tenants through the program.
Verdict: ZIP 68348 is a viable market for Section 8 participation, with competitive pricing opportunities and a stable housing environment.
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.