Location: Cedar County, NE | Metro: Cedar County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 68749, located within the Cedar County, NE metro area, has a Fair Market Rent (FMR) of $980 for fiscal year 2026. This figure is key when considering the attractiveness of this area for landlords and small-portfolio investors interested in Section 8 properties. The FMR represents the maximum amount that a voucher holder can pay towards their rent, making it a critical benchmark for rental pricing.
Comparatively, while specific figures for other ZIP codes within Cedar County, NE are not provided, we can infer some characteristics based on the available data. With an 18.5% renter share, 68749 shows a higher proportion of renters relative to homeowners, which could indicate a strong demand for rental properties. This is particularly significant for Section 8 investors, as it suggests a larger pool of potential tenants.
The absence of market rent and home value data for ZIP 68749 limits a direct comparison with typical ZIP codes in Cedar County, NE. However, the higher renter share in conjunction with the specified FMR can suggest that 68749 might be considered a value pocket within the metro area. Value pockets are typically areas where the cost of living is lower compared to surrounding regions, yet they still offer decent returns on investment due to the demand for affordable housing.
To conclude, the ZIP code 68749 appears to be a value pocket within the Cedar County, NE metro area, given its FMR of $980 and a relatively high renter share of 18.5%. This combination indicates that it could be an attractive location for landlords and investors looking to capitalize on the demand for affordable rentals without necessarily competing in higher-cost markets.
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.