Section 8 Fair Market Rent (FMR) for ZIP 68717 - 2027

Location: Cedar County, NE | Metro: Cedar County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$930
2 Bedrooms	$1,080
3 Bedrooms	$1,400
4 Bedrooms	$1,810
5 Bedrooms	$2,100
6 Bedrooms	$2,352
7 Bedrooms	$2,540
8 Bedrooms	$2,667

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

184

Median Household Income

$65,919

Housing Units

118

Renter Percentage

53.3%

Occupancy Rate

90.7%

Renter Occupied

The ZIP code 68717, located in rural Nebraska, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its stable community, with a significant portion of residents relying on rental properties.

Fair Market Rent (FMR): The FMR for ZIP 68717 is set at $1,010 for the fiscal year 2026, indicating the maximum amount that can be charged for Section 8 rental units in the area.
Market Rent: The average market rent for the area, according to Census ACS data, is $729, suggesting a potential gap between market rates and what Section 8 tenants can afford, which could be advantageous for landlords participating in the program.
Median Home Value: The median home value in ZIP 68717 is $143,605, making it an affordable option for both homeowners and investors looking to purchase property.
Renter Share: A substantial 53.3% of the population are renters, reflecting a strong demand for rental properties in the area.
Median Income: The median household income in the area is $65,919, which aligns well with the economic profile of typical Section 8 participants, ensuring a steady pool of tenants.

Investors considering entering the Section 8 market in ZIP 68717 should note the discrepancy between the Fair Market Rent and the actual market rent, providing a margin for profitability. The high percentage of renters indicates a robust demand for affordable housing options, while the median home value suggests that purchasing properties in this area remains economically feasible. With the median income fitting the profile of potential Section 8 participants, there is a reliable source of tenants who can benefit from the program's subsidies. Overall, ZIP 68717 presents a favorable environment for those looking to invest in the Section 8 housing sector, offering stability and growth potential.

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.