Section 8 Fair Market Rent (FMR) for ZIP 68465 - 2027

Location: Saline County, NE | Metro: Lincoln, NE HUD Metro FMR Area

Investment Score for ZIP 68465

Monthly Rent (2BR)

$1,140

Median Price (2BR)

$169,582

1% Rule

0.67%

Annual Yield

8.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$870
2 Bedrooms	$1,140
3 Bedrooms	$1,570
4 Bedrooms	$1,730
5 Bedrooms	$2,007
6 Bedrooms	$2,248
7 Bedrooms	$2,428
8 Bedrooms	$2,549

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,140	$169,582	0.67%	D
3BR	$1,570	$225,896	0.7%	D
4BR	$1,730	$267,938	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,543

Median Household Income

$91,964

Housing Units

1,008

Renter Percentage

25.9%

Occupancy Rate

86.2%

Renter Occupied

225

A landlord considering investing in ZIP code 68465 (Wilber, NE) for Section 8 properties must follow a structured decision-making process. Begin with the first question:

Does the Fair Market Rent (FMR) of $890 cover the debt service on a $218,789 property? The answer is no. To determine this, calculate the monthly mortgage payment for a $218,789 property. Assuming a 30-year fixed-rate mortgage at a 4.5% interest rate, the monthly mortgage payment would be approximately $1,100. This amount exceeds the FMR of $890, indicating that the rental income alone would not cover the debt service.

If the FMR does not cover the debt service, the investment is not advisable based on this criterion alone. However, if you proceed with the analysis, the next question is crucial:

Is the market rent of $805 above, at, or below the FMR? The answer is below. The market rent of $805 is lower than the FMR of $890. This suggests that while the FMR provides a higher rental rate, the actual market conditions do not support this level of rent. Landlords relying solely on market rates would receive less than the FMR, which is a significant drawback for Section 8 investments.

The final consideration involves assessing the demand:

Are 25.9% of residents renting and the unspecified number of days as Days on Market (DOM) enough demand? The answer is it depends. With 25.9% of the population being renters, there is a notable but not overwhelming demand for rental properties. The lack of specific data on DOM makes it challenging to assess the speed at which properties are rented. If the DOM is relatively low, it could indicate strong demand despite the smaller percentage of renters. Conversely, a high DOM might suggest difficulties in finding tenants quickly.

In summary, ZIP 68465 does not meet the primary criteria for a Section 8 investment due to the FMR not covering the debt service on a $218,789 property. Additionally, the market rent is below the FMR, further complicating the financial viability of such an investment. Demand assessment remains inconclusive without additional data on DOM, but the rental rate percentage suggests moderate interest in rental properties. Landlords should carefully weigh these factors before deciding to invest in this area for Section 8 purposes.

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.