Location: Nance County, NE | Metro: Boone County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 68627 presents an interesting scenario for both renters and landlords. The median income for households in this area stands at $72,159, while the market rate for rent is $780 according to the Census ACS data. This suggests that the average household can indeed afford the market rate, as it represents approximately 13% of their annual income. However, when comparing the market rate to the Fair Market Rent (FMR) set at $960 for the metro area in fiscal year 2026, it becomes evident that the market rate is significantly below the voucher payment standard.
The affordability gap in 68627 means that landlords might face less competition from other property owners who accept only cash payments. Only 11.4% of the 802 residents are renters, indicating a smaller pool of potential tenants. Therefore, landlords who are willing to accept Section 8 vouchers could attract a broader tenant base, given that the voucher amount exceeds the current market rate.
For landlords considering whether to accept voucher tenants or focus on those paying cash, the takeaway is clear. Accepting Section 8 vouchers could be a strategic move, as it allows them to charge closer to the FMR of $960, which is higher than the current market rate. This strategy would also enable landlords to tap into a segment of the rental market that might otherwise be overlooked due to the relatively low number of renters in the area. In conclusion, landlords in 68627 should seriously consider accepting vouchers to maximize their rental income and compete effectively in a market where the demand for affordable housing is supported by government assistance programs.
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.