Location: Greeley County, NE | Metro: Boone County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 68655 is located in a suburban area of Nebraska, characterized by a relatively small population of 112 residents. Given that 18.8% of these residents are renters, it suggests a community where a modest segment of the population relies on rental housing. The median household income in this area is $84,167, indicating a middle-class neighborhood with residents who have the financial means to support their living expenses.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 68655 in fiscal year 2026 is set at $1,040. This figure represents the average monthly rent that Section 8 participants would be eligible to pay for a standard unit. However, the absence of specific data regarding the local market rent makes it challenging to compare the FMR against typical rental rates, which could indicate either a lack of available rental units or insufficient data collection in this sparsely populated area.
Given the characteristics of ZIP 68655, it is likely to appeal more to a hands-off voucher operator rather than a hands-on value-add buyer. The low number of renters and limited population suggest a stable but slow-moving market, where the primary focus would be on ensuring compliance with HUD regulations and maintaining properties that cater to the needs of Section 8 tenants. For those looking to actively manage and improve properties to increase their value, this ZIP code may present fewer opportunities due to its size and demographic makeup.
Investors should consider the implications of the low population density and the reliance on Section 8 vouchers when assessing the potential returns and risks associated with this ZIP code. The steady income provided by the government-backed vouchers can offer a reliable cash flow, making it suitable for those seeking a passive investment strategy in a market with minimal competition and a predictable tenant base.
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.