Location: Saline County, NE | Metro: Lincoln, NE HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $479,983 | 0.3% | F |
U.S. Census Bureau data (2024)
The ZIP code 68423 presents a dynamic rental market, with Fair Market Rent (FMR) set at $920 for the fiscal year 2024, closely matching the reported market rent of $906 according to the latest Census American Community Survey (ACS). This parity suggests a stable equilibrium between what the government deems fair and what the private market offers, indicating a well-functioning local rental economy.
The median home value in ZIP 68423 stands at $484,237, a figure that underscores the relative cost of homeownership compared to renting. While specific percentages for price-cut share and days on market (DOM) are unavailable, the alignment between FMR and market rent implies that rental properties are likely priced competitively, without significant discounts to attract tenants.
A key insight into the long-term housing dynamics of ZIP 68423 comes from the 17.5% renter share. This relatively low percentage indicates that a majority of residents prefer or are able to own their homes rather than rent. However, it also points to a persistent housing pressure, as even a smaller proportion of renters can exert significant influence on the rental market. The presence of a steady rental market, despite the lower renter share, suggests that demand remains robust enough to support current rents and possibly drive future growth.
The snapshot of the ZIP code's housing metrics reveals a market where demand meets supply effectively, but the underlying trend of homeownership dominance could shift if economic conditions change, making the rental market more attractive. Landlords and small-portfolio investors should monitor broader economic indicators and local trends to anticipate shifts in the balance between supply and demand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.