Location: Richardson County, NE | Metro: Richardson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 68431 stands out due to its unique demographic and economic characteristics. With only 269 residents, it is among the least populated ZIP codes in the country. A mere 6.5% of these residents are renters, indicating that homeownership is prevalent in this area. The median household income of $75,000 suggests a relatively affluent community, while the median home value of $131,204 reflects a stable housing market.
Despite the low percentage of renters, the Federal Market Rent (FMR) for ZIP 68431 has been set at $990 for the fiscal year 2026. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 program. However, the lack of available market rent data means that we cannot directly compare the FMR to typical rental rates in the area. This absence of comparative data could be indicative of a limited rental market, which might make it challenging for potential Section 8 participants to find suitable housing options.
The data signature for ZIP 68431 reads as stable. The high median home value and median income suggest that the area is financially secure, with little indication of significant change in the near future. Landlords and small-portfolio investors should consider the limited rental market when evaluating opportunities in this ZIP code. Given the small population and the low percentage of renters, focusing on other ZIP codes with higher demand for rentals might prove more profitable.
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.