Location: Dixon County, NE | Metro: Dixon County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The rent math in ZIP 68710 does not favor landlords. The Fair Market Rent (FMR) set at $910 for fiscal year 2024 is notably higher than the actual market rent reported by the Census ACS, which stands at $620. This discrepancy suggests that landlords might struggle to justify higher rents to tenants based on current market conditions.
Acquisition in this area is somewhat affordable, with a median home value of $210,025. However, the lack of data regarding the number of days on market (DOM) and the percentage of homes that have been subject to price cuts makes it difficult to assess the full picture of affordability. Landlords should proceed with caution and consider conducting further research into recent real estate transactions to better understand the local market dynamics.
Tenant demand in ZIP 68710 is modest but present. With a total population of 754 and a renter share of 25.5%, there are approximately 192 potential renters in the area. This indicates a steady, if not robust, demand for rental properties, which could be beneficial for maintaining occupancy rates.
Overall, while there is a stable tenant base in ZIP 68710, the gap between the FMR and the actual market rent poses a significant challenge for landlords. The median home value suggests that property acquisition is within reach for many investors, yet the limited data on DOM and price-cut percentages leaves room for uncertainty. Landlords must carefully evaluate their ability to compete with lower market rents and ensure they can cover expenses without relying on the higher FMR figures. In conclusion, ZIP 68710 offers opportunities for those willing to accept lower rents and navigate the complexities of the local real estate market.
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.