Location: Dixon County, NE | Metro: Dixon County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
3.8% of residents in ZIP 68728 are renters, indicating a modest demand for rental properties in the area. Despite this, landlords can still expect to see a steady stream of tenants willing to pay the Fair Market Rent (FMR) of $910 per month for a standard unit, as of the fiscal year 2024. This figure aligns closely with the realities of the local economy, where the median household income stands at $82,321. Such income levels suggest that many potential renters could afford market rates, though specific market rent figures are currently unavailable.
The median home value in ZIP 68728 is $183,668, which reflects the overall affordability of the housing market. For small-portfolio investors, this could mean opportunities to acquire rental properties at reasonable prices. However, it's important to note that there is no available data on the days on market (DOM) or the percentage of listings that have been price-cut, making it difficult to assess the current state of the sales market and its impact on rentals.
In conclusion, while the renter share is relatively low at 3.8%, the combination of a stable FMR and a median income that supports rental payments makes ZIP 68728 a viable investment opportunity for landlords. The affordability of homes, with a median value of $183,668, further enhances the attractiveness of the area. The Section 8 program, with its fixed FMR of $910, offers a reliable source of income for those willing to participate, ensuring a steady cash flow regardless of market fluctuations. Verdict: ZIP 68728 is a suitable market for Section 8 investments.
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.