Location: York County, NE | Metro: Hamilton 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 | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $192,404 | 0.56% | F |
| 3BR | $1,360 | $231,769 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 68371 in Nebraska has a population of 1,314 individuals, with only 8.0% of residents being renters. This indicates that the area is primarily dominated by homeowners rather than renters, suggesting that the demand for rental properties, especially those utilizing Section 8 vouchers, is relatively low.
The median household income in this ZIP code is $83,523, which is notably higher than the Fair Market Rent (FMR) figure of $1,010 for the metro area (FY 2026). Given the absence of specific market rent data, we can infer that typical rents in the area would likely be higher than the FMR, aligning more closely with the income levels of the residents. If we assume that market rents are around the median income level, then typical rent would consume approximately 12% of the average income, which is considered affordable but not excessively so.
In terms of the tenant profile a landlord in ZIP 68371 should expect, given the low percentage of renters and the higher median income, tenants who qualify for Section 8 vouchers will be a smaller segment of the overall rental market. Landlords might find that tenants with vouchers are less common, and they may need to consider adjusting their expectations regarding the types of tenants who are likely to apply for their properties.
While Section 8 can provide a steady stream of rental income and government-subsidized support, the limited number of renters in this ZIP code means that landlords should not rely solely on voucher holders to fill vacancies. Instead, they should position their properties to attract a broader range of tenants, including those who do not require financial assistance. This approach will ensure a more diverse tenant pool and potentially higher occupancy rates.
To summarize, ZIP 68371 is not a renter-heavy area with deep voucher demand; it is more homeowner-dominated. The median income suggests that typical market rents would consume a reasonable portion of local incomes, making the area attractive for those who can afford private rentals. Landlords should prepare for a tenant mix that includes a minority of voucher holders alongside self-paying renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.