Location: Otoe County, NE | Metro: Omaha-Council Bluffs, NE-IA 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 | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,280 | $202,726 | 0.63% | D |
| 3BR | $1,690 | $347,749 | 0.49% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 68454 (Unadilla, NE, Otoe County, NE metro) is favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $980 per month for the fiscal year 2024, which is below the reported market rent of $1,000 according to the Census ACS. This means that landlords can potentially charge a premium over the FMR, increasing profitability.
Acquisition in this ZIP code is relatively affordable. The median home value is $274,243, making it accessible for investors looking to purchase properties without breaking the bank. However, due to the lack of data on days on market (DOM) and the percentage of homes that have had their prices cut, it's difficult to assess the current market conditions for property acquisition. Landlords should proceed with caution and consider consulting local real estate agents for more detailed insights.
Tenant demand is moderate in 68454. With a total population of 778 and a renter share of 17.9%, there are approximately 139 potential renters in the area. While the number of renters is not exceptionally high, the stable demand suggests that rental properties can be filled without significant difficulty.
In summary, the rent math in ZIP 68454 works well, offering opportunities for landlords to charge above the FMR. Acquisition is affordable based on the median home value, but investors should gather more information about market dynamics. Tenant demand is steady, supporting the viability of rental investments. For those willing to do their due diligence, 68454 presents a reasonable opportunity for investment.
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.