Location: Keya Paha County, NE | Metro: Keya Paha County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 68753 are defined by the SAFMR (Small Area Fair Market Rent) rates established by HUD (Housing and Urban Development). For fiscal year 2026, the SAFMR for a two-bedroom apartment in this specific ZIP code is set at $960. This figure represents the maximum amount that the federal government will reimburse landlords for participating in the Section 8 Housing Choice Voucher program.
The SAFMR of $960 is the cap for the total rental payment, which includes both the tenant's contribution and the government subsidy. Typically, the tenant is responsible for paying 30% of their adjusted income towards rent. If the tenant's portion does not cover the full $960, the government makes up the difference. However, if the tenant's share exceeds $960, they must pay the excess directly to the landlord.
To illustrate, assume a tenant's adjusted monthly income is $1,000. Their expected contribution would be $300 (30% of $1,000). In this scenario, the government would provide the remaining $660 to meet the $960 SAFMR for a two-bedroom unit. It's important to note that utilities are often included in the tenant's contribution, meaning the actual amount paid by the government might be slightly less if the tenant covers utilities themselves.
Given that the local market rent data is currently unavailable, it's difficult to provide a direct comparison. However, landlords should be aware that the SAFMR applies specifically to this ZIP code and may differ from surrounding areas. To maximize profits and ensure compliance, landlords must verify the tenant's income and utility allowances to calculate the exact reimbursement they can expect.
In ZIP 68753, landlords participating in Section 8 can anticipate a reimbursement of $960 for a two-bedroom apartment. If the tenant's income is high enough to cover more than the SAFMR, the landlord receives the additional amount directly from the tenant. Conversely, if the tenant's income is low, the landlord receives only the government subsidy, which could result in a lower overall rental income compared to market rates. Therefore, the typical reimbursement gap or surplus for a two-bedroom voucher in this ZIP code hinges on the individual tenant's financial situation and the specifics of the utility allowance.
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.