Location: Gage County, NE | Metro: Gage County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 68415 in Gage County, Nebraska, presents a unique profile when compared against typical metrics for the county's metro area. The Fair Market Rent (FMR) for 68415 is set at $960 for fiscal year 2026, which exceeds the current market rent of $596. This discrepancy suggests that rental properties in 68415 could potentially command higher rents if they meet the criteria for subsidized housing programs like Section 8.
The median home value in 68415 stands at $239,462. This figure is notably above the average home value seen in many other ZIP codes within the same metro area, indicating that the area is not a value pocket but rather a mid-tier neighborhood. However, the relatively low market rent of $596 implies that there might be opportunities for landlords to increase their rental income through participation in government assistance programs without significantly overpricing the units.
A key indicator for potential attractiveness to Section 8 participants is the renter share, which in 68415 is 14.5%. This percentage is higher than what might be expected in a typical Gage County ZIP code, suggesting that there is a substantial portion of the population who rely on rental housing. Despite having a higher-than-average renter share, the home values remain competitive, making it an attractive location for both landlords and tenants involved in Section 8 programs.
In summary, ZIP code 68415 can be classified as a mid-tier neighborhood within the Gage County, NE metro, with a slight edge towards being a premium sub-market due to its higher home values. The combination of a high renter share and below-FMR market rents indicates a favorable environment for landlords interested in Section 8 tenancy. These factors create a scenario where landlords can benefit from higher subsidies while offering affordable housing options to tenants.
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.