Location: York County, NE | Metro: York County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68467, which includes York, Nebraska, is set at $1,010 for metro areas in fiscal year 2026. This figure represents the payment standard for Section 8 vouchers, meaning that if you participate in the program, the government will pay up to $1,010 per month for your rental property. However, it's important to note that this does not necessarily mean your tenants will be paying $1,010; they typically contribute a portion of their income towards rent.
To put this into perspective, the average rent in the area is currently $876 according to the Census Bureau's American Community Survey. This suggests that the FMR is slightly higher than the typical market rate, potentially offering landlords a more stable income source with less risk of vacancy.
In ZIP 68467, 29.4% of the population are renters. This indicates a solid demand for rental properties, especially those that cater to low-income families who might rely on Section 8 vouchers to afford housing. Given this demand, a Section 8 rental can be a reliable investment opportunity.
The median home value in York, NE is around $219,922. For a landlord or investor looking to enter the market, this gives an idea of the acquisition cost for a property. If you're considering purchasing a property to use as a rental, ensure the purchase price aligns with the potential income from the Section 8 program.
Before committing to a Section 8 rental, verify that your property meets all the required standards for habitability and safety. The Housing Quality Standards (HQS) must be met to qualify for the program. These standards cover a wide range of criteria including structural integrity, heating, plumbing, and electrical systems.
Participating in the Section 8 program can provide a steady stream of rental income, but it also comes with responsibilities. Ensure you understand these obligations and that your property is ready to meet the needs of low-income families.
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.