Location: Otoe County, NE | Metro: Otoe County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 68382 reveals a unique balance between yield potential and market stability, though some key metrics are currently unavailable. To determine the classification, we must consider the available data points closely.
The Fair Market Rent (FMR) for the area stands at $960 for the fiscal year 2026, which represents the rental yield benchmark for landlords and investors. However, the lack of specific market rental rates and median home values complicates a precise comparison. Despite these gaps, the FMR figure suggests a modest yield potential that aligns well with the broader metro average.
Regarding stability, the data indicates that 21.4% of residents are renters. This percentage is relatively low compared to typical high-renter concentration areas, suggesting a less volatile rental market. The low percentage of renters could indicate a preference for homeownership, but without daily days on market (DOM) and median income figures, it's challenging to assess the full picture of stability.
Based on the available data, ZIP 68382 does not fit neatly into a high-yield/low-stability flip-style market. Instead, it appears to be more of a steady-cashflow zone. The modest FMR of $960 implies that while there is potential for consistent rental income, the overall yield is not exceptionally high. The lower renter concentration suggests a stable environment where tenants are likely to have strong ties to their community, reducing turnover rates and increasing the predictability of cash flows.
To make a more definitive call, specific market rental rates and median home values would be necessary. These figures would help in understanding the competitive landscape and the potential for capital appreciation. Additionally, income levels and DOM data would provide insights into the financial health of the residents and the speed at which properties can be rented out, further informing the stability assessment.
In conclusion, with the given data, ZIP 68382 leans towards being a steady-cashflow zone, driven primarily by the moderate FMR and the relatively low renter concentration. For landlords and small-portfolio investors looking for consistent returns rather than high-risk, high-reward opportunities, this ZIP code presents a viable option.
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.