Location: Jefferson County, NE | Metro: Jefferson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 68440 is located in a rural area of Nebraska, characterized by a modest population size of just over 109 residents. This small community has a relatively low percentage of renters at 16.7%, indicating that homeownership is the predominant living arrangement. Unfortunately, specific data on median income and median home value for this ZIP code is currently unavailable, suggesting a lack of comprehensive economic information.
Turning to the rental economics, the Fair Market Rent (FMR) for the metro area, as determined by HUD for fiscal year 2026, stands at $960. In stark contrast, the actual market rent in ZIP 68440, according to Census ACS data, is only $375. This significant disparity between the FMR and the local market rent highlights the potential for substantial subsidies for landlords participating in the Section 8 program. The difference suggests that landlords could receive a considerable portion of the rent from the government, making it an attractive proposition for those looking to manage properties with minimal effort.
Given these factors, ZIP 68440 would likely appeal more to hands-off voucher operators rather than hands-on value-add buyers. The limited number of renters and the high subsidy potential make it less suitable for active property management aimed at increasing property values or rental rates. Instead, it offers a stable and predictable income stream for landlords willing to accept tenants through the Section 8 program, without the need for extensive market research or tenant screening beyond what is required by the program.
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.