Location: Platte County, NE | Metro: Boone County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $168,196 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 68758 presents a modest opportunity for landlords interested in Section 8 tenants. With a total population of 1,199, it has a rental rate of 21.7%, indicating that while there are renters, the majority of residents are homeowners. This suggests that the demand for housing vouchers is limited compared to areas with higher percentages of renters.
The median household income in this ZIP code stands at $56,667, which is relevant when considering the average market rent of $775. To put this into perspective, the typical rent consumes approximately 15.5% of the local median income. This figure is calculated by dividing the annual rent ($775 * 12 months = $9,300) by the median household income ($56,667), resulting in a ratio of about 16.4%. This implies that the rent is relatively affordable for most households in the area.
However, comparing the market rent to the Fair Market Rent (FMR) of $960, which is set for FY 2026, shows that the actual rent is below the FMR threshold. The FMR is an important benchmark because it determines the maximum allowable rent for subsidized housing programs, including Section 8. Given that the market rent is lower than the FMR, landlords in ZIP 68758 can potentially attract a broader range of tenants, both those with vouchers and those without.
A landlord in this ZIP code should expect a mix of tenants, with a significant portion being first-time renters or those transitioning from homeownership. These tenants may have varying degrees of rental experience and could benefit from thorough lease agreements and clear communication regarding responsibilities and expectations. Additionally, due to the limited number of renters relative to homeowners, landlords might find that competition for Section 8 tenants is not as fierce as in more densely populated rental markets.
In summary, ZIP 68758 offers a balanced environment for landlords looking to engage with Section 8 tenants, with rent being a manageable 15.5% of the median income and below the FMR threshold. While the area is not heavily dominated by renters, it still provides a viable option for those willing to cater to a diverse tenant base.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.