Location: York County, NE | Metro: Fillmore County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 68365 reveals a unique set of conditions that can influence investment decisions. The HUD Fair Market Rent (FMR) for the area, which is part of the larger York County and the NE metro region, stands at $1,020 for fiscal year 2026. This figure represents the maximum amount landlords can charge for rent through the Section 8 program.
Unfortunately, the current market rent data for ZIP 68365 is unavailable, making it difficult to compare directly against the HUD FMR. However, based on the median home value of $184,919, we can infer some insights into the local housing market. To derive the rent-to-price ratio, we can use the FMR as a proxy for rental income. Assuming a typical mortgage payment would be around $750-$800 per month, the FMR of $1,020 would allow for a positive cash flow of approximately $220-$270 per month, before accounting for property taxes, insurance, and maintenance costs. This indicates that voucher tenants can cashflow at the FMR, but the margin is tight and depends heavily on other cost factors.
The lack of day median Days on Market (DOM) and percentage of homes experiencing price cuts in the area suggests that there isn't significant volatility in the real estate market. This points towards a stable market, where homes are likely selling close to their asking prices without extended listing periods. Given the stability and the potential for positive cash flow, the strongest angle for investors in ZIP 68365 is cashflow. While appreciation might be modest, the ability to generate steady income from voucher tenants makes this a compelling option for those focused on consistent returns.
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.