Location: Cuming County, NE | Metro: Cuming 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 | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,010 | $174,970 | 0.58% | F |
| 3BR | $1,340 | $222,855 | 0.6% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP code 68716, located in Beemer, Nebraska, include tenant turnover and vacancy exposure. The market rent stands at $663, which is significantly lower than the Fair Market Rent (FMR) of $960 for the metro area in fiscal year 2026. This discrepancy suggests that tenants might prefer higher-rent properties outside the Section 8 program, leading to frequent turnover. Frequent turnover can be costly, as it requires time and resources to find new tenants and prepare the property for them.
Vacancy exposure is another concern. With the days on market (DOM) being listed as N/A, it indicates a lack of recent sales data, making it difficult to predict how long a rental property might remain vacant. A prolonged vacancy period would mean a loss of rental income, which can be particularly challenging for landlords who rely on consistent cash flow.
The deferred maintenance exposure is also noteworthy. Given the typical home value of $205,535 and the median income of $65,833, landlords must be prepared to handle maintenance costs that tenants may not be able to cover due to their financial situation. This includes ensuring that properties meet the minimum housing quality standards required by the Section 8 program, which can be both time-consuming and financially burdensome.
However, these risks are somewhat mitigated by the high renter share of 32.9%. High renter density typically translates into a greater demand for rental properties, including those that accept Section 8 vouchers. This increased demand can help stabilize occupancy rates and reduce the likelihood of extended vacancies.
In conclusion, the risks associated with becoming a first-time Section 8 landlord in ZIP code 68716 are moderate. While there are challenges related to tenant turnover and maintenance, the high renter share provides a buffer against vacancy exposure.
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.