Location: Knox County, NE | Metro: Knox County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68760 in the metro area for fiscal year 2026 is set at $960. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing choice voucher program. It does not mean that tenants will pay $960; rather, it is the maximum amount HUD will pay landlords on behalf of eligible tenants.
In ZIP 68760, the average rent according to the Census American Community Survey (ACS) is $472. This indicates that the FMR of $960 is significantly higher than the local average, which can be advantageous for landlords participating in the Section 8 program. The difference between the FMR and the local average rent suggests a potential to cover operating costs and earn a profit above typical market rates.
The 30.5% share of renters in the area signals a moderate demand for rental properties. Landlords can expect a decent pool of potential tenants who might benefit from the Section 8 program. Additionally, the median home value in ZIP 68760 is around $185,919, which provides insight into the typical acquisition cost for a property in this region. This figure helps landlords assess whether they can afford to purchase a property and still make a reasonable return through the Section 8 program.
Before committing to a Section 8 rental in ZIP 68760, it's crucial to verify that the property meets all necessary inspection criteria. HUD requires properties to pass a Housing Quality Standards (HQS) inspection to ensure they are safe, decent, and sanitary. Failure to meet these standards could result in disqualification from the program.
To summarize, the FMR of $960 offers a higher payment standard compared to the local average rent of $472. With a 30.5% renter share, there is sufficient demand for rental units, and the median home value of $185,919 gives an idea of the investment required. However, landlords must ensure their property passes the HQS inspection to participate successfully in the Section 8 program.
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.