Section 8 Fair Market Rent (FMR) for ZIP 68622 - 2027
Location: Wheeler County, NE | Metro: Wheeler County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$77,917
When considering whether to invest in ZIP code 68622 for Section 8 properties, follow this decision tree:
- Does FMR $970 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest. The Federal Market Rent (FMR) must cover the total cost of owning and maintaining the property, including mortgage payments, taxes, insurance, and maintenance costs. If the FMR does not clear these expenses, investing would be financially unwise.
- Is market rent $500 (Census ACS) above, at, or below FMR?
- If market rent is above FMR: This indicates a strong rental market, which can provide additional income beyond what Section 8 provides. However, ensure that the property meets all necessary qualifications for Section 8 tenancy.
- If market rent is at or below FMR: There is less opportunity for profit outside of the Section 8 program. The success of your investment will largely depend on the efficiency of the Section 8 payment process and the demand for affordable housing in the area.
- Are 25.0% renters + N/A-day DOM enough demand?
- If the days on market (DOM) are low: This suggests high demand for rental properties in the area. With 25.0% of residents renting, there is a substantial market for Section 8 properties if they are priced correctly and well-maintained.
- If the DOM is high: This may indicate weak demand or an oversupply of rental units. High DOM could also suggest that the property is not competitive in terms of price, location, or condition.
A final decision on whether to invest in ZIP 68622 for Section 8 properties hinges on the answers to these questions. If the FMR clears debt service, market rents are favorable, and there is sufficient demand among renters, then the answer is yes. If any of these conditions are not met, the answer shifts to no or it depends, based on the specifics of the property and local market conditions.
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.