Section 8 Fair Market Rent (FMR) for ZIP 68355 - 2027

Location: Richardson County, NE | Metro: Richardson County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$790
2 Bedrooms	$1,030
3 Bedrooms	$1,250
4 Bedrooms	$1,350
5 Bedrooms	$1,566
6 Bedrooms	$1,754
7 Bedrooms	$1,894
8 Bedrooms	$1,989

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,860

Median Household Income

$56,607

Housing Units

2,432

Renter Percentage

25.6%

Occupancy Rate

89.4%

Renter Occupied

557

Housing Authorities Serving ZIP 68355

Humboldt Housing Authority (Humboldt, NE)
Falls City Housing Authority (Falls City, NE)

The ZIP code 68355, located in Nebraska, offers a unique blend of rural charm and suburban convenience. With its growing population and steady economic indicators, it presents a promising opportunity for real estate investors looking to diversify their portfolios. Here is a concise market analysis based on key data points:

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $970. This figure represents the amount that HUD deems sufficient for tenants to pay without spending more than 30% of their income on housing, indicating a solid baseline for rental pricing.
The market rent, according to the Census ACS, stands at $713. This suggests that the actual rental prices are below the FMR, potentially offering room for price increases as the market adjusts to higher demand.
The median home value in the area is $109,447. This relatively low median value can be advantageous for investors who are looking to purchase properties at a lower cost, while still having the potential to increase property values over time.
Renters make up 25.6% of the local housing market. A quarter of the residents renting their homes signals a demand for rental properties, which can be beneficial for landlords and small-portfolio investors seeking consistent income streams.
The median household income is $56,607. This provides insight into the financial capacity of the residents, suggesting that they could afford rents closer to the FMR if necessary, thus supporting the potential for rental price growth.

Synthesizing these points, ZIP 68355 appears to be a stable investment environment for real estate. The discrepancy between the Fair Market Rent and the current market rent indicates a possible upward trend in rental prices. Additionally, the low median home value and significant renter share suggest a favorable climate for acquiring and managing rental properties. Given the median income level, there is a reasonable likelihood that tenants can support higher rents, making this area attractive for those focused on long-term rental income and potential appreciation in property values.

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.