Section 8 Fair Market Rent (FMR) for ZIP 68743 - 2027

Investment Score for ZIP 68743

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor considering ZIP 68743 might raise several concerns regarding the viability of investing in Section 8 properties. Let's address these objections head-on using the available data.

• Will FMR $910 (zip FY 2024) cover the mortgage on a $310,577 home? The Fair Market Rent (FMR) of $910 per month for FY 2024 is a critical figure for determining if an investment property can be financially viable under the Section 8 program. To cover the mortgage, one must consider the interest rate and term length. Assuming a 30-year fixed-rate mortgage at a conservative 4.5%, the monthly payment on a $310,577 home would be approximately $1,560. This means that the FMR of $910 falls short by around $650 per month, which does not cover the mortgage payment. However, it's important to note that this calculation does not account for potential rental income above the FMR or other sources of revenue such as property tax exemptions or utility reimbursements that might be applicable. Additionally, the actual mortgage payment could vary based on down payment and credit score.
• Is there enough renter demand at 14.4%? With a renter demand rate of 14.4%, an investor might question whether there is sufficient tenant interest to fill vacancies. While 14.4% indicates a moderate level of demand, it is essential to consider the local job market and population growth trends. A low percentage of renter demand could suggest limited opportunities for finding tenants. However, the presence of Section 8 programs can sometimes stabilize occupancy rates, even in areas with lower overall demand. For a more accurate assessment, one would need to look at historical vacancy rates and the number of Section 8 households in the area.
• Will vouchers keep pace with $1,283 market rents? The average market rent of $1,283 per month in ZIP 68743 is notably higher than the FMR. The concern here is whether the voucher amounts will adjust to meet the rising market rents. Historically, voucher payments have been adjusted annually to reflect changes in the housing market. However, the adjustments are often tied to broader economic indicators and may not always match the specific increases seen in a particular ZIP code. In ZIP 68743, the gap between the FMR and market rent is significant, suggesting that investors should monitor any changes in voucher policies closely to ensure they remain competitive with market rates.

The data provides insights into the financial challenges and considerations of investing in Section 8 properties in ZIP 68743. While there are clear gaps between the FMR and both mortgage costs and market rents, the presence of Section 8 can offer some stability in terms of occupancy. Investors should also be prepared to manage their expectations and seek additional sources of income or cost savings to make the investment viable.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.