Location: Gage County, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 68368 stands out due to its unique demographic and economic characteristics. With only 477 residents, it has a very low population density. Only 9.2% of these residents are renters, indicating that homeownership is significantly more prevalent than renting. The median income in this ZIP is $110,375, which is notably high, suggesting a relatively affluent community. Additionally, the median home value is $407,825, reflecting the high cost of housing in the area.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for ZIP 68368 in fiscal year 2024 is set at $1150. This figure contrasts sharply with the actual market rent, which according to Census ACS data, averages around $988. The higher FMR rate means that landlords accepting Section 8 vouchers can potentially receive more rental income compared to the current market rates. However, given the low percentage of renters in the area, landlords should be cautious about relying solely on Section 8 vouchers to fill vacancies.
Based on the data signature, ZIP 68368 appears to be a stable area with a strong preference for homeownership and a high median income. While the higher FMR rate offers an opportunity for landlords, the overall context suggests that the ZIP code is not particularly transitional but rather firmly established in its current state. Landlords and small-portfolio investors should consider these factors when deciding whether to accept Section 8 vouchers in their properties.
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.