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 | $990 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $192,622 | 0.71% | D |
| 3BR | $1,630 | $271,894 | 0.6% | F |
| 4BR | $1,840 | $348,290 | 0.53% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 68649, North Bend, NE, is characterized by a clear snapshot of current conditions that suggest a dynamic equilibrium between supply and demand, leaning slightly towards a balanced market favoring neither side overwhelmingly. The Fair Market Rent (FMR) set at $1,160 for the fiscal year 2026 indicates a government benchmark that landlords can use to price their rental units competitively. Currently, the market rent stands at $1,094, based on Census ACS data, showing that actual rents are below the FMR. This suggests that while there may be some upward pressure on rents, it is not yet significant enough to push them above the government's suggested threshold.
The median home value of $265,849 reflects the overall cost of homeownership in the area, which is a key factor in understanding the broader housing market. However, the lack of data on price-cut share and days on market (DOM) makes it challenging to pinpoint the exact direction of the market's trajectory. These missing metrics would typically provide insight into whether sellers are having to lower their prices or if homes are staying on the market longer, indicating a potential oversupply.
A 16.7% renter share in the population is relatively low, suggesting that most residents prefer homeownership. This could imply that long-term housing pressure is less pronounced compared to areas with higher renter shares. However, it also means that any increase in rental demand could put considerable upward pressure on rents, as the rental market is smaller and potentially more sensitive to changes.
In summary, the current data points to a market where supply and demand are closely matched, with modest upward pressure on rents. The relatively low renter share indicates a preference for homeownership, but it also implies that any shifts in rental demand could have a notable impact on the local housing dynamics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.