Location: Wayne County, NE | Metro: Wayne County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
7.0% of the residents in ZIP 68723 are renters, indicating a modest demand for rental properties in the area. However, the $883 market rent (Census ACS) suggests that there is a clear opportunity for landlords to align their rental offerings with the local economic reality. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, which is a benchmark that landlords should consider when setting their rents to remain competitive and attractive to potential tenants eligible for Section 8 subsidies. Given the $238,477 median home value, it's evident that the housing market in 68723 is relatively stable, providing a solid foundation for investment. Landlords can leverage this stability by ensuring their properties meet the quality standards required by the Section 8 program. With a median income of $74,512, the majority of the population can be expected to seek affordable housing options, making Section 8 vouchers particularly relevant. While the lack of specific data on days on market (DOM) and price-cut share indicates a need for further investigation, the existing figures point towards a balanced rental market. The $1,010 FMR exceeds the $883 market rent, offering a margin for landlords who wish to participate in the Section 8 program. This margin can help cover any additional administrative costs associated with the program while still providing affordable housing to tenants. In conclusion, despite the limited data points, the overall economic indicators in ZIP 68723 suggest that participation in the Section 8 program could be financially viable for landlords and small-portfolio investors.
Section 8 Verdict: Participation in the Section 8 program in ZIP 68723 is financially viable given the positive gap between the FMR and market rent.
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.