Location: Holt County, NE | Metro: Boyd County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The median income in ZIP code 68746 stands at $40,625. This figure is crucial when evaluating the rental market dynamics for both landlords and small-portfolio investors. The area's market rate for rent is currently unavailable, which complicates direct comparisons. However, we do know the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. This FMR serves as the benchmark for Section 8 voucher payments.
Given the limited data on the actual market rate, it's important to consider the implications of the FMR on the local rental landscape. With only 9.2% of the 201 residents being renters, the competition among landlords is likely to be low. However, this also means that the pool of potential tenants is relatively small, making the affordability of housing a significant factor in attracting and retaining renters.
The affordability gap in ZIP 68746 is evident when comparing the median income to the FMR. A household earning the median income would struggle to afford a rent of $960 without assistance, especially considering other living expenses. For landlords, this means that tenants relying on Section 8 vouchers might form a substantial portion of the rental market.
To put this into perspective, let's consider a typical budget scenario. If a household spends roughly 30% of their income on housing, as recommended by financial experts, then a median income of $40,625 would translate to a monthly housing budget of approximately $1,015.72. Since the FMR is $960, this leaves a small margin for additional costs such as utilities and maintenance fees, assuming the household uses a Section 8 voucher.
The takeaway for landlords is clear: focusing on accommodating Section 8 voucher holders can be a strategic move given the limited number of renters and the affordability gap. While cash-paying tenants might offer higher rents, they may be scarce in this environment. Landlords who are willing to accept Section 8 vouchers can tap into a reliable source of tenants, ensuring steady occupancy and predictable income. This strategy aligns well with the economic realities of the area, providing a stable approach to managing rental properties in ZIP 68746.
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.