Location: Otoe County, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
U.S. Census Bureau data (2024)
The ZIP code 68461, located in Otoe County, NE, serves as an ideal diversifier within a Section 8 portfolio strategy. With a median home value of $486,000, the area is less likely to experience significant appreciation compared to more dynamic markets. However, the ZIP code's 15.9% renter share makes it suitable for landlords and small-portfolio investors seeking to balance their holdings.
The Fair Market Rent (FMR) for ZIP 68461 in fiscal year 2024 is set at $1370, which aligns well with the local rental market. This ensures steady cash flow for properties rented under the Section 8 program. The lack of recent market data suggests that the area is relatively stable, without the rapid changes seen in more volatile markets.
Given the median household income in ZIP 68461 is significantly below the state average, there is a strong demand for affordable housing options. This demand supports the viability of Section 8 properties in the area, providing a reliable tenant pool and consistent rental income.
In summary, ZIP 68461 offers a solid foundation for diversifying a Section 8 portfolio due to its stable market conditions and significant renter population. The combination of these factors ensures that properties here will provide predictable returns and contribute to a balanced investment strategy.
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.