Location: Dodge County, NE | Metro: Dodge County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,520 | $299,266 | 0.51% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68621 in the metro area for fiscal year 2026 is set at $1,120. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning it's the maximum amount the government will pay toward a tenant's rent. It's important to note that this does not directly reflect your total rent; you can charge up to $1,120 for the government portion, but tenants must contribute the remainder of the rent themselves, typically up to 40% of their income.
In ZIP 68621, there is no publicly available data on the average market rent for comparison, but the FMR provides a benchmark for what is considered reasonable for the area. With a 14.5% share of renters in the housing market, there is a moderate demand for affordable housing options. This indicates that while not every renter in the area qualifies for Section 8, a significant portion could be interested in such programs, making it a viable option for landlords.
If you're considering acquiring a property for a Section 8 rental in this ZIP code, the median home value stands at $313,415. This figure should guide your investment decisions, helping you understand the typical cost of a property in the area. Given the FMR and the percentage of renters, you can expect a steady stream of potential tenants who need assistance with housing costs.
Before proceeding with a Section 8 rental in ZIP 68621, ensure that the property meets all the necessary housing quality standards (HQS) required by the program. These standards include safety, health, and structural requirements, ensuring the property is fit for habitation. Compliance with these standards is mandatory and failure to meet them can result in penalties or loss of voucher funding.
To summarize, with an FMR of $1,120, moderate demand from renters, and a median home value of $313,415, Section 8 rentals in ZIP 68621 can be a stable investment opportunity. However, the success of your venture depends on meeting the HQS criteria, which is a critical step to verify before finalizing your decision.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.