Location: Boyd County, NE | Metro: Boyd County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The rent math in ZIP 68722 does not work favorably for landlords. The Fair Market Rent (FMR) set at $960 for the metro area in fiscal year 2026 contrasts sharply with the actual market rent reported by the Census ACS, which stands at only $613. This discrepancy suggests that landlords may struggle to cover costs, including property taxes, maintenance, and mortgage payments, if they aim to charge the FMR rate.
Acquisition in this ZIP code is not feasible due to the lack of available data on median home values, days on market (DOM), and the percentage of homes that had their prices cut. Without these critical metrics, it's impossible to gauge the affordability of purchasing properties in the area.
Tenant demand is also low in ZIP 68722. With a total population of 384, only 13.0% are renters, indicating a limited pool of potential tenants. Given the small number of people who might be interested in renting, landlords could face challenges in maintaining occupancy rates and ensuring steady rental income.
Based on the analysis, ZIP 68722 presents significant obstacles for landlords and small-portfolio investors. The disparity between the FMR and the actual market rent, combined with the unavailability of key acquisition metrics and low tenant demand, makes it an unfavorable location for investment in rental properties. Landlords should consider other ZIP codes where the financials align better with market realities and where there is a stronger indication of both rental demand and affordable acquisition opportunities.
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.