Location: Saunders County, NE | Metro: Saunders County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
19.1% of residents in ZIP code 68648 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the area stands at $930, which is the benchmark for determining eligibility for the Section 8 program. Despite the lack of specific data on market rent and days on market (DOM), the median home value of $423,520 suggests a stable housing market. Landlords should note that the median income of $85,214 provides context for the economic conditions affecting potential tenants. Although the percentage of homes needing price cuts is not available, it's clear that the FMR is significantly lower than the median home value, creating an opportunity for landlords to offer affordable housing options. Given the limited availability of precise market data, investors must rely on the FMR and median home value to gauge the viability of their rental investments. The absence of detailed market rent and DOM data can be mitigated by focusing on the steady income potential offered by the FMR. In conclusion, landlords and small-portfolio investors in ZIP 68648 can expect a balanced market, with opportunities to serve the rental needs of local residents without significant risk of vacancy or price adjustments.
Section 8 Verdict: Suitable for landlords looking to provide affordable housing in a stable market.
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.