Location: Wayne County, NE | Metro: Pierce 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 | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $216,015 | 0.55% | F |
| 3BR | $1,410 | $311,410 | 0.45% | F |
| 4BR | $1,900 | $334,617 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 68767, located in Pierce, Nebraska, presents a dynamic rental market with specific characteristics that offer insights into its current state and potential future direction. The Fair Market Rent (FMR) for the area is set at $990 for fiscal year 2026, indicating a benchmark for affordable housing in the region. This figure is slightly above the market rent of $926 reported by the Census Bureau's American Community Survey (ACS), suggesting a trend towards rising rents.
The median home value in ZIP 68767 is $286,101, which is a significant figure reflecting the overall property values in the area. Although the data on price-cut share and days on market (DOM) are not available, the gap between FMR and market rent can be interpreted as an indication of modest upward pressure on rental rates. This implies that demand might be gradually catching up with supply, but it has not yet surpassed it to create a highly competitive rental environment.
A notable statistic is the 21.2% renter share, which is relatively low compared to many urban areas but still substantial enough to suggest ongoing housing pressure. In markets with a higher percentage of renters, there tends to be greater long-term demand for rental properties due to factors such as affordability, mobility, and lifestyle preferences. In ZIP 68767, this figure suggests a steady base of tenants who prefer renting over owning, likely due to economic conditions, employment opportunities, or personal choices.
The interplay between these figures reveals a rental market that is moving, albeit slowly. Landlords and small-portfolio investors should pay close attention to local economic indicators and housing trends to make informed decisions. The slight premium of FMR over market rent indicates a growing demand for affordable units, while the median home value reflects the broader stability of the housing market in Pierce, NE.
In summary, ZIP 68767 is a market in motion, with demand steadily increasing but not yet overwhelming supply. The renter share highlights a segment of the population that prefers leasing over purchasing, providing a reliable tenant pool for those looking to invest in the area. Understanding these dynamics is crucial for navigating the local real estate landscape effectively.
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.