Location: Knox County, NE | Metro: Holt 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 | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $226,031 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 68763 has a population of 4,572 residents, with 30.0% being renters. This indicates that it is a moderately renter-heavy area, but not dominated by rental housing. The median household income stands at $65,362, which provides insight into the economic context of the area.
The typical market rent in this ZIP code is $704. To put this into perspective, the average rent consumes approximately 13.8% of the median household income. This figure is calculated by dividing the market rent by the median income and multiplying by 100 (704 / 65362 * 100 = 13.8%).
The Fair Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $960. This means that the current market rent in ZIP 68763 is below the FMR, suggesting that there could be a significant number of Section 8 voucher holders who can afford to pay the market rent without subsidy adjustments. The gap between the market rent and the FMR implies a potential surplus in the voucher amount available to tenants, making them attractive to landlords.
In this ZIP code, landlords can expect a tenant profile characterized by individuals and families who rely on Section 8 vouchers to cover a substantial portion of their housing costs. These tenants will likely have a strong preference for properties that are affordable and within their budget constraints. Given the income levels and the relatively low market rent compared to the FMR, these tenants will be able to contribute a larger share towards their rent payments, potentially reducing the financial burden on landlords.
Moreover, the 30.0% rental rate suggests a moderate demand for rental properties, including those that accept Section 8 vouchers. Landlords should consider that while the tenant pool may not be overwhelming, the presence of voucher holders can stabilize the rental market, especially if the landlord offers well-maintained and affordable units.
To conclude, ZIP 68763 presents an opportunity for landlords and small-portfolio investors to attract Section 8 voucher holders who can manage their rents effectively due to the favorable ratio of market rent to median household income. The expected tenants will be financially responsible and seek stable housing solutions.
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.