Section 8 Fair Market Rent (FMR) for ZIP 68720 - 2027
Location: Antelope County, NE | Metro: Antelope County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$81,250
A landlord considering investing in ZIP code 68720 for Section 8 properties must follow a structured decision-making process. Here's how to approach the question "Should I buy here for Section 8?"
- Does the Fair Market Rent (FMR) of $1,140 (for metro FY 2026) cover the debt service on a property valued at $311,514?
- If the monthly debt service (including mortgage payments, property taxes, insurance, and maintenance) is less than or equal to $1,140, then the answer is Yes. This means that the FMR can potentially support the financial obligations of owning the property.
- If the monthly debt service exceeds $1,140, then the answer is No. The FMR would not be sufficient to meet the financial demands of the property, making it a risky investment for Section 8 tenants.
- Is the market rent above, at, or below the FMR of $1,140?
- If the market rent is above $1,140, then the answer is It Depends. This situation indicates that the landlord might need to accept a lower rental income from Section 8 tenants compared to what the market could offer.
- If the market rent is at or below $1,140, then the answer is Yes. The FMR aligns well with the market rent, which suggests that the landlord can attract Section 8 tenants without significant financial loss.
- Are the 32.6% of renters combined with the unknown number of days on the market (DOM) indicative of sufficient demand?
- If the DOM is relatively low, indicating quick turnover of rental listings, then the answer is Yes. A low DOM suggests strong demand among renters, including potential Section 8 participants.
- If the DOM is high, indicating slow turnover of rental listings, then the answer is No. High DOM suggests weak demand, which could make it difficult to find tenants willing to pay the FMR.
- If the DOM is moderate, then the answer is It Depends. The landlord will need to assess other factors such as competition and vacancy rates to determine if there is enough demand.
The analysis of these three key points—debt service coverage, market rent comparison, and demand indicators—will provide a landlord with a clear path forward regarding whether to invest in ZIP 68720 for Section 8 properties.
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.