Location: Wayne County, NE | Metro: Cuming County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The median income in ZIP code 68768 stands at $78,125, which places it above the national average. However, when considering the market rate for rent, which is $533 according to the Census ACS, the financial landscape becomes more nuanced. This figure represents the typical monthly rent cost for residents in the area.
In contrast, the Federal Market Rent (FMR) standard for ZIP 68768 in metro FY 2026 is set at $960. This is significantly higher than the current market rate, indicating that the voucher payment standard is more generous than what most renters are currently paying. For landlords, this means that accepting Section 8 vouchers could provide a higher rental income compared to the market rate.
With 24.7% of the 731 population being renters, there is a notable segment of the community looking for housing options. The disparity between the market rate and the FMR suggests an affordability gap where many renters might struggle to find suitable housing without assistance. This gap could intensify competition among landlords who accept voucher holders, as they would likely have a steady and reliable source of tenants.
The takeaway for landlords is clear: while accepting Section 8 vouchers ensures a consistent income stream that exceeds the current market rate, it also means competing in a niche market with other landlords who are similarly positioned. Cash-paying tenants might offer less predictability but could provide opportunities to command higher rents as the local economy grows and incomes rise. Landlords should weigh these factors carefully, considering both the financial benefits and the competitive dynamics of their chosen strategy.
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.