Location: York County, NE | Metro: Polk 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 | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $157,576 | 0.82% | C |
| 3BR | $1,550 | $225,463 | 0.69% | D |
| 4BR | $2,170 | $256,395 | 0.85% | C |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 68666, Stromsburg, NE, reveal a market in motion. The Fair Market Rent (FMR) for the area stands at $1,130 for fiscal year 2026, indicating a benchmark set by HUD for determining eligibility for housing assistance programs. In contrast, the actual market rent, as reported by the Census ACS, is lower at $896. This suggests that landlords have room to adjust their rental rates upward without significantly deterring tenants, implying that demand could be strong relative to supply.
The median home value of $202,815 provides insight into the overall economic health of the region. While there's no specific data on the percentage of price cuts or days on market (DOM), the disparity between the FMR and market rent points towards a scenario where demand might slightly exceed supply. Landlords should consider this when setting rents, as it indicates potential for increasing revenue without losing tenants.
A 23.9% renter share in the population signals a moderate level of housing pressure. This percentage reflects a segment of the community that is likely to remain renters due to various factors such as affordability, life stage, or preference. For small-portfolio investors, this can translate into a steady tenant base, assuming stable employment and income levels in the area. It also means that there is an ongoing need for rental properties, which can support long-term investment strategies.
In summary, ZIP 68666 presents a market where demand appears to be robust enough to support rental increases, but the relatively low market rent compared to the FMR suggests that there is still space for growth. The moderate renter share indicates a stable, if not growing, need for rental units, making Stromsburg a viable market for both landlords and investors seeking consistent returns.
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.