Section 8 Fair Market Rent (FMR) for ZIP 68379 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor looking at ZIP code 68379 might raise several concerns regarding the feasibility of investing in rental properties under the Section 8 program. Here are the key objections and how they stack up against the available data.

• Objection: Will Fair Market Rent (FMR) of $1,010 (metro FY 2026) cover the mortgage on a typical home? The data provided does not include specific information about median home values or typical mortgage payments in ZIP 68379. Without these figures, it's impossible to determine if the FMR will cover the mortgage. However, it's important to note that FMRs are set to reflect the average rent levels for decent housing in an area, and thus are often used as a benchmark for what landlords can reasonably expect to be paid through the voucher program.
• Objection: Is there enough renter demand at 23.3%? The 23.3% figure represents the share of households renting in the area. While this percentage is relatively low compared to national averages, which typically hover around 35%, it suggests that there is still a significant portion of the population seeking rental accommodations. This indicates that there is demand for rental properties, even if it is not overwhelming. It's also worth noting that demand can vary based on the type of property, its location, and amenities offered, so the overall rental rate does not necessarily indicate a lack of potential tenants.
• Objection: Will vouchers keep pace with market rents in 68379? The data does not specify whether the voucher amounts will adjust to match the FMR of $1,010 or if they will increase to align with any future rises in market rents. Historically, HUD has adjusted FMRs annually to account for changes in local housing markets, but the specific adjustment rate for ZIP 68379 is not given here. Landlords should monitor local HUD announcements and adjustments to ensure their income remains stable or increases as market conditions evolve.

In summary, while some critical pieces of data are missing, such as median home values and mortgage costs, the provided information offers insights into the rental market dynamics in ZIP 68379. The FMR of $1,010 sets a baseline for rental income, and although the rental demand percentage is modest, it still represents a viable market segment for landlords. The pace of voucher adjustments must be closely watched to ensure long-term financial stability.

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.