Location: Richardson County, NE | Metro: Richardson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,310 |
| 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)
ZIP code 68457, located within the Richardson County, NE metro, exhibits characteristics that suggest it is a value pocket within the larger market area. The Family Monthly Rent (FMR) of $980 for fiscal year 2026 indicates a lower rental cost compared to the average in the metro, which is typically higher given the absence of specific market rent data. This implies that the rental market in 68457 is more affordable, potentially attracting low-income tenants who benefit from government housing assistance programs.
The median home value of $124,255 in ZIP code 68457 is also notably lower than what would be expected in a premium sub-market. This suggests that property owners can acquire real estate at a relatively low cost, making it an attractive option for landlords looking to maximize their investment returns through rental income. Additionally, the lower home values could indicate a less competitive real estate market, which might provide opportunities for landlords to purchase multiple properties without significant capital outlay.
The renter share of 1.4% in ZIP code 68457 is quite low, indicating that most residents in this area own their homes rather than renting. However, despite the low renter share, the combination of a lower FMR and below-average home values still positions 68457 as a value pocket within the Richardson County, NE metro. Landlords and small-portfolio investors should consider this ZIP code for potential investments due to its affordability and the likelihood of securing tenants who rely on Section 8 vouchers.
To summarize, ZIP code 68457 stands out as a value pocket within the Richardson County, NE metro. Its lower FMR and home values make it a strategic choice for those seeking to invest in more affordable real estate options. While the renter share is low, the overall economic profile of the area suggests it is well-suited for tenants utilizing Section 8 assistance.
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.