Location: Boyd County, NE | Metro: Boyd County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68755 in the fiscal year 2026 is set at $960. This figure represents the payment standard that landlords will receive from the Housing Choice Voucher (Section 8) program for a unit considered to be of moderate quality. It's important to note that this is not the amount you should charge as rent; it's the maximum reimbursement rate per month for eligible tenants.
To put this into perspective, the average rent in ZIP 68755, according to recent Census American Community Survey (ACS) data, is $1,021. This indicates that the FMR is slightly below the market rate, which means landlords can potentially set their rents higher than the FMR, but tenants will only receive up to the FMR amount from the voucher program. The difference must be paid by the tenant directly.
The demand for rentals in this area is solid, with 18.1% of residents being renters. This suggests a steady pool of potential tenants who might benefit from the Section 8 program. However, the competition among landlords could be significant, especially if many properties are already participating in the program.
When considering the acquisition cost of a property in ZIP 68755, the median home value is around $258,675. This figure can help you estimate the investment required to enter the rental market here. Remember, the initial cost is just one part of the equation; maintenance, management, and vacancy rates also play crucial roles in your overall profitability.
Before you decide to participate in the Section 8 program with a rental in ZIP 68755, ensure that your property meets all the necessary inspection criteria. The housing authority will conduct an inspection to confirm that your rental unit is safe, decent, and sanitary. This step is critical to avoid delays and ensure that you can start receiving payments promptly.
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.