Section 8 Fair Market Rent (FMR) for ZIP 68443 - 2027
Location: Otoe County, NE | Metro: Johnson County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$67,969
When considering whether to invest in ZIP code 68443 for Section 8 properties, follow these steps:
- Does FMR $960 (metro FY 2026) clear debt service on a N/A property?
- If yes: The Fair Market Rent (FMR) of $960 is sufficient to cover the debt service of any property in this ZIP code, assuming the property's debt service does not exceed this amount.
- If no: Do not proceed with the investment. The FMR does not provide enough income to meet financial obligations.
- Is market rent $812 (Census ACS) above, at, or below FMR?
- If above: Market rents are higher than the FMR, which means that landlords can potentially earn more than the government-subsidized rate. However, this also indicates that the property might be better suited for non-Section 8 tenants.
- If at or below: Market rents are either equal to or lower than the FMR. This makes the ZIP code a viable option for Section 8 investments, as the government-subsidized rent will match or exceed what the market offers.
- Are 21.9% renters + N/A-day DOM enough demand?
- If 21.9% renters indicate substantial demand: With over 20% of residents renting, there is a reasonable level of demand for rental properties. However, the number of days on the market (DOM) must also be considered to gauge how quickly properties are rented out.
- If DOM is low: A low DOM suggests that rental properties are in high demand and can be filled quickly, making the ZIP code attractive for Section 8 investments.
- If DOM is high: A high DOM indicates slower turnover, which could mean less demand or longer periods without rental income. In this case, the decision to invest should be reconsidered unless other factors outweigh this concern.
The decision to invest in ZIP code 68443 for Section 8 properties hinges on these three points. If the FMR covers debt service, market rent is at or below FMR, and there is sufficient demand indicated by both the percentage of renters and the DOM, then the answer is yes. Otherwise, the decision depends on the specifics of each factor or is a no.
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.