Location: Knox County, NE | Metro: Holt County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP code 68766 in Knox County, NE, presents an interesting analysis when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 68766 is set at $960 for fiscal year 2026. This figure is crucial for landlords and investors looking to understand the rental market dynamics.
The median home value in ZIP 68766 is $155,728, which suggests that it might be on the lower end compared to other ZIP codes in Knox County. However, without specific data on the range of home values across the county, we can only infer that this could potentially make ZIP 68766 attractive for first-time homebuyers or investors seeking entry-level properties. The lack of market rent data for ZIP 68766 indicates that it may not be as active in terms of rental listings, but the FMR provides a baseline for rental pricing expectations.
The 3.5% renter share in ZIP 68766 is noteworthy. Generally, higher renter shares can indicate areas where there is a significant demand for rentals, possibly due to affordability or transient populations. In Knox County, if the average renter share is significantly higher, then ZIP 68766 would stand out as having a predominantly owner-occupied housing stock. Conversely, if the average renter share is lower, ZIP 68766 might still be considered a mid-tier neighborhood with a modest rental market presence.
Based on the given figures, ZIP 68766 seems to be a value pocket within the Knox County, NE, metro. The relatively low median home value combined with a moderate renter share suggests that while there is some demand for rentals, the area may not be as competitive or expensive as other parts of the county. For landlords and small-portfolio investors, ZIP 68766 offers a balance between investment cost and potential rental income, making it a viable option for those looking to enter the market or diversify their portfolio.
The FMR of $960 provides a clear guideline for setting rental prices that align with the local economic conditions and ensure compliance with HUD standards. This can help landlords and investors to price their units competitively and attract tenants who qualify for Section 8 assistance.
In summary, ZIP 68766 appears to offer good value for investment, with a median home value of $155,728 and an FMR of $960. The 3.5% renter share indicates a modest rental market, but the combination of these factors makes it a promising area for those interested in real estate opportunities aligned with Section 8 criteria.
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.