Location: Richardson County, NE | Metro: Richardson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 68433 presents a dynamic rental market that is currently favoring demand over supply. With a Fair Market Rent (FMR) set at $970 for fiscal year 2026, it's clear that the government benchmark for affordable rental units is lower than the actual market rent of $1,066, indicating a strong preference among renters for properties that meet their needs and are slightly above the affordability threshold.
The median home value in ZIP 68433 stands at $132,458, which is notably lower than the average market rent. This suggests that owning a home might be more financially accessible than renting, but the significant 34.4% renter share points to other factors influencing housing choices. High renter share percentages can often signal long-term housing pressure, where economic conditions, lifestyle preferences, or demographic trends make renting a more attractive option than homeownership.
This pressure could stem from several sources: young professionals who prefer the flexibility of renting, families awaiting the right moment to purchase a home, or individuals whose financial situations do not yet support homeownership. Regardless of the reasons, the high renter share implies a steady demand for rental properties, which could continue to push market rents higher relative to the FMR.
The lack of specific data on price-cut share and days on market (DOM) doesn't provide immediate insights into short-term fluctuations, but the overall picture suggests a market where landlords and small-portfolio investors can find opportunities. The gap between the FMR and market rent indicates potential for moderate profit margins without necessarily exceeding what renters can afford, assuming they align with local income levels.
In conclusion, ZIP 68433 is characterized by a robust rental market with strong demand, driven partly by the high renter share. Landlords and small-portfolio investors should consider these dynamics when evaluating the potential for investment returns and property management strategies in this area.
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.