Location: Boone County, NE | Metro: Antelope 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $413,954 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 68652 is primarily a homeowner-dominated area with relatively low voucher demand. With a population of 630, only 9.5% are renters, indicating that the majority of residents own their homes. This makes it less attractive for landlords looking to cater specifically to Section 8 tenants.
The median household income in ZIP 68652 is $79,271. Given a typical market rent of $800, this means that the average rent constitutes approximately 10.1% of the median local income. However, this percentage is based on the assumption that the entire household income would be used to cover rent, which is not the case in reality. Typically, housing costs should not exceed 30% of an individual's income to be considered affordable. Thus, at $800, the rent is well below this threshold, making it accessible to most residents without relying heavily on rental assistance programs.
Comparing the market rent of $800 to the Fair Market Rent (FMR) of $1,000 for the metro area (as of FY 2026), it's clear that properties in ZIP 68652 are priced below the FMR. This suggests that landlords can potentially attract both voucher holders and those paying market rates, but the latter will likely constitute a larger portion of the tenant pool due to the higher income levels in the area.
In terms of tenant profiles, landlords in ZIP 68652 can expect a mix of low-income individuals who might qualify for Section 8 vouchers and middle-class renters who can afford market rates. The scarcity of voucher holders implies that tenants will generally have stable incomes and be able to pay rent without significant financial strain. However, the overall number of renters is low, so competition among landlords for these tenants could be high.
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.