Location: Wayne County, NE | Metro: Sioux City, IA-NE-SD MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $243,170 | 0.53% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 68733 reveals a favorable rental environment. The HUD Fair Market Rent (FMR) for FY 2024 is set at $910, while the average market rent based on Census ACS data is $702. This means that voucher tenants will cashflow positively at the FMR rate, providing a substantial buffer for landlords and small-portfolio investors. The difference of $208 between the HUD FMR and the market rent suggests that landlords can expect a steady positive cash flow without having to seek premium units.
To further understand the investment potential, consider the median home value in the area, which stands at $176,396. The rent-to-price ratio can be derived by comparing the annual rent to the median home value. At an average market rent of $702 per month, the annual rent is $8,424. This gives us a rent-to-price ratio of approximately 4.78%, indicating that rental income is relatively low compared to property values. However, this also highlights the potential for appreciation in property values over time, as the area's housing stock is likely to increase in value due to steady demand from both renters and buyers.
The data does not provide specific figures for the median Days on Market (DOM) or the percentage of price cuts shared, but these metrics would be useful to gauge the speed and ease of selling properties in the area. Given the positive cash flow from voucher tenants, these factors become secondary considerations. However, they could still influence the decision-making process for investors looking to balance between rental income and potential resale profits.
In conclusion, the strongest investor angle in ZIP 68733 is cashflow, given the significant difference between the HUD FMR and the actual market rent. This provides a solid foundation for generating consistent returns from Section 8 tenants without relying on volatile market conditions or speculative property value increases.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.