Location: Knox County, NE | Metro: Cedar County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 68718, with a population of 1,603, is a mixed market for rental properties. With 26.3% of residents being renters, it indicates that while there is a significant portion of the population who are tenants, it is not overwhelmingly dominated by renters. This suggests that the demand for Section 8 housing vouchers could be moderate rather than deep.
The median household income in this area is $60,250, which provides a baseline for assessing the affordability of rents. The market rent at $725 is relatively low compared to the median income, consuming approximately 14.4% of the average monthly income. This makes the ZIP code somewhat attractive for tenants seeking affordable housing options.
However, when comparing the market rent of $725 to the Fair Market Rent (FMR) of $1,080, as set for FY 2026 in the metro area, it becomes evident that the ZIP code 68718 offers below-market-rate rentals. The FMR is significantly higher, indicating that landlords in this ZIP code might find themselves in an advantageous position, offering rents that are more affordable than the regional average.
Landlords in this ZIP code can expect a tenant profile that is generally price-sensitive due to the relatively lower median income and the below-FMR rent levels. Tenants will likely prioritize cost-effective living spaces, making properties with reasonable rents highly sought after. Additionally, the presence of Section 8 voucher holders means landlords should prepare for tenants who rely on government assistance for housing, ensuring they meet all necessary requirements for accepting such vouchers.
To summarize, while 68718 is not a renter-heavy ZIP with deep voucher demand, it does present opportunities for landlords willing to cater to a price-sensitive tenant base. The below-FMR rent levels make the area particularly appealing to those looking for more affordable housing solutions.
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.