Location: Butler County, NE | Metro: Seward County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The ZIP code 68669 encompasses a rural neighborhood characterized by a small population of 493 residents, with only 9.0% of them being renters. The median household income in this area stands at $86,397, indicating a relatively affluent community. However, the median home value is notably lower at $222,357, which might suggest that property values are still accessible despite the high income levels.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 68669 in fiscal year 2024 is set at $910. This figure contrasts sharply with the Census ACS reported market rent of $1,563, revealing a significant gap between government-subsidized rates and actual market conditions. For landlords and small-portfolio investors considering Section 8 properties in this ZIP code, the discrepancy means that properties rented through the voucher program will generate less income compared to those rented at market rates.
The question then arises: is this ZIP code suitable for a hands-off voucher operator or a hands-on value-add buyer? Given the low percentage of renters and the disparity between FMR and market rents, it's evident that the area is not densely populated with potential Section 8 tenants. Moreover, the high median income suggests that many residents could afford market-rate housing without assistance. Consequently, this ZIP code is likely better suited for hands-on value-add buyers who can renovate and reposition properties to command higher market rents, rather than hands-off operators relying solely on the Section 8 program. The opportunity lies in leveraging the neighborhood's affluence and accessibility to create value through improvements and strategic pricing.
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.