Section 8 Fair Market Rent (FMR) for ZIP 68458 - 2027

Location: Pawnee County, NE | Metro: Gage County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$790
2 Bedrooms	$1,030
3 Bedrooms	$1,230
4 Bedrooms	$1,580
5 Bedrooms	$1,833
6 Bedrooms	$2,053
7 Bedrooms	$2,217
8 Bedrooms	$2,328

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

226

Median Household Income

$90,526

Housing Units

100

Renter Percentage

21.0%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 68458, located within the Pawnee County, NE metro, exhibits characteristics that position it distinctly among other ZIP codes in the area. With a Fair Market Rent (FMR) of $960 for fiscal year 2026, it stands out against the market rent average of $579. This disparity indicates that 68458 is likely a premium sub-market within the metro, where rental properties can command higher rates due to the government's established FMR guidelines.

The absence of specific home value data for ZIP 68458 suggests that residential property valuation might be less consistent or available compared to other areas. However, this doesn't necessarily detract from its attractiveness as a location for rental investments. The 21.0% share of renters in this ZIP code is noteworthy, especially when juxtaposed with the overall lower market rent. This high renter share could imply a concentration of tenants who rely on government assistance, such as Section 8 vouchers, making 68458 a potential sweet spot for landlords and investors looking to capitalize on subsidized housing programs.

To further contextualize the situation, consider the following:

Premium Sub-Market: The high FMR suggests that landlords can set rents at levels above the local market average, which could be beneficial if the demand for housing supported these higher rates.
Value Pocket: Despite the high FMR, the below-average market rent and significant renter share hint at a value pocket, where properties might be undervalued relative to their potential income generation through Section 8 participation.
Mixed Potential: While the data points towards a premium sub-market, the actual performance will depend on factors such as property condition, location within the ZIP code, and competition from other rental properties.

In conclusion, ZIP 68458 appears to be a unique sub-market within the Pawnee County, NE metro, offering opportunities for landlords and small-portfolio investors to leverage higher FMRs and a substantial renter share. These conditions could create a sweet spot for Section 8 properties, though the exact nature of its market—whether it is truly a premium sub-market or a value pocket—requires deeper analysis of local rental dynamics and property valuations.

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.