Location: Jefferson County, NE | Metro: Jefferson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 68377 stands out due to its unique mix of low rental activity and relatively high median income levels. With only 412 residents and a mere 10.4% of them renting, this area is predominantly occupied by homeowners. The median income of $72,500 suggests a middle-class community, while the median home value of $193,945 indicates that property ownership is quite expensive in this ZIP.
Moving into the specifics of Section 8 housing economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,090. This figure is significantly higher than the current market rent of $563, based on Census ACS data. This discrepancy presents an opportunity for landlords and small-portfolio investors who can leverage the higher FMR rates to increase their rental income compared to the local market rate.
The data signature of ZIP 68377 reads as stable. Despite the low percentage of renters, the significant gap between FMR and market rents suggests a consistent demand for affordable housing that is supported by government subsidies. For those considering entering this market, the stability of the area combined with the potential for higher rental incomes through Section 8 vouchers makes it a viable option. However, it's important to note that the low number of renters implies limited demand, so careful consideration of the portfolio size and location-specific factors is essential.
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.