Location: Dixon County, NE | Metro: Dixon County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 68751 presents a unique challenge for landlords and small-portfolio investors due to its relatively low percentage of renters at just 9.4%. This indicates that the area is predominantly homeowner-dominated rather than a renter-heavy ZIP with deep voucher demand. The median household income in this region is $61,250, which is a key figure when considering the financial health of potential tenants.
Market rent data is currently unavailable for this specific ZIP code, making it difficult to provide an exact percentage of how much of the local income goes towards rent. However, we can use the Fair Market Rent (FMR) as a benchmark. For FY 2024, the FMR for ZIP 68751 is set at $920. Given the median income, if we assume a standard market rent close to the FMR, this would equate to roughly 18% of the median household income being allocated to rent. This is a significant portion but still manageable for many households.
Landlords in this area should expect a mix of tenants, including those who might rely on housing vouchers. With the FMR at $920, the voucher amount will likely cover a substantial portion of the rent, especially for units priced around or below the FMR. Tenants here are likely to be individuals or families who value homeownership but may temporarily need rental accommodation due to various life circumstances such as job relocation, family growth, or financial setbacks.
To attract and retain tenants effectively, landlords must understand the local dynamics. Offering competitive rents, particularly those that align closely with the FMR, can help in securing tenants who benefit from the housing voucher program. Additionally, maintaining high-quality properties that meet the criteria for voucher eligibility is crucial. Landlords should also be prepared to manage a diverse tenant pool, balancing between those who may have limited income and those who can afford higher rents.
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.