Location: Dixon County, NE | Metro: Cedar 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 classification of ZIP code 68757 hinges on the interplay between rental yields and market stability. With a Fair Market Rent (FMR) of $920 for fiscal year 2024, the rental market in this area significantly outpaces the average market rent of $580, indicating a strong potential for high rental yields. This discrepancy suggests that properties here can command higher rents relative to their market value, which stands at $223,868. Landlords and small-portfolio investors can capitalize on this by setting competitive rental rates that reflect the FMR, thereby maximizing cash flow.
However, stability is another critical factor. The rental market's stability is compromised by the relatively low percentage of renters at 15.7%, which is a key indicator of a less stable market. Additionally, the median household income of $88,472 provides insight into the financial health of the residents but does not directly correlate with the duration of days on market (DOM), which is not available. Despite this, the low renter percentage implies a riskier environment for landlords, as it suggests a smaller pool of potential tenants and possibly higher vacancy rates. This characteristic points towards a market that is more susceptible to fluctuations in demand.
Given these figures, ZIP 68757 leans towards being a high-yield/low-stability market. The substantial difference between the FMR and the market rent indicates a lucrative opportunity for landlords who can manage the risks associated with lower tenant retention and potential volatility in occupancy rates. For investors looking to flip properties or those willing to accept higher risks for potentially higher rewards, this ZIP code presents an attractive scenario. However, for those prioritizing steady, reliable cash flows, the instability factors might outweigh the benefits of higher rental yields.
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.