Location: Thayer County, NE | Metro: Thayer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 68362 is situated in a predominantly homeowner-driven area with a population of 30 residents. Notably, there are no renters recorded within this ZIP code, indicating a community where homeownership is the norm rather than renting. The median household income in this area stands at $62,500, which reflects a modest economic base. However, the lack of data on median home values suggests that either there is limited variability in housing prices or the dataset does not adequately capture this metric.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. This figure serves as a benchmark for rental prices in subsidized housing programs such as Section 8. In contrast, the absence of specific market rent data for ZIP 68362 implies that rental properties might be scarce or not well-documented within this ZIP code.
Given these conditions, ZIP 68362 would likely not be an ideal location for a hands-off Section 8 voucher operator due to the low number of potential tenants and the apparent preference for homeownership over renting. Instead, a hands-on value-add buyer could find opportunities here, especially if they aim to develop rental properties that cater to the local income levels, leveraging the FMR as a guide. Such an investor should be prepared to engage actively in the community, possibly through property development or conversion projects, to align with the economic realities and housing preferences of the area.
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.