Location: Fillmore County, NE | Metro: Fillmore 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 | $750 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $144,469 | 0.72% | D |
| 3BR | $1,410 | $214,327 | 0.66% | D |
| 4BR | $1,410 | $233,245 | 0.6% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 68361 (Geneva, NE) on the yield and stability axes reveals a unique market scenario. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, while the local market rent stands at $734. This suggests that properties receiving Section 8 subsidies could command higher rents than what the market typically offers, indicating a potential for higher yields when leveraging these subsidies.
However, the median home value in the area is $176,324, which is significantly higher than the median household income of $80,909. This discrepancy implies that there might be limitations on the number of qualified renters who can afford housing in this ZIP code under the Section 8 program. The low percentage of renters—only 22.7%—further supports this notion, suggesting that the majority of residents own their homes, potentially limiting the pool of Section 8 tenants.
On the stability axis, the lack of data on the average days on market (DOM) makes it challenging to assess the turnover rate and vacancy risks directly. However, the relatively low percentage of renters indicates a stable community where long-term occupancy is likely. Given the higher median home value compared to income, it also suggests that tenants in this area may be financially secure, reducing the risk of default on rental payments.
In conclusion, ZIP 68361 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The higher FMR subsidy provides an opportunity for better rental income, but the limited number of potential Section 8 tenants and the overall financial health of the community suggest a stable, if not conservative, investment environment. Landlords and small-portfolio investors should expect solid, reliable returns rather than high-risk, high-reward scenarios.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.