Location: Dixon County, NE | Metro: Sioux City, IA-NE-SD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
910 FMR (zip FY 2024) sets the ceiling for Section 8 rental subsidies in ZIP code 68770, which is significantly higher than the $717 market rent reported by the Census ACS. This discrepancy suggests that properties priced at the fair market rate can still attract tenants through the Section 8 program. Landlords should note that the median home value stands at $223,690, indicating a moderate property investment landscape. With a 24.6% renter share, there is a notable segment of the population relying on rental housing, creating demand stability. The median income of $71,607 provides context for the financial capacity of residents, though it's worth noting that the average day DOM (days on market) and percentage of price-cut share are not available, leaving some uncertainty around how quickly properties typically rent and the frequency of price adjustments.
Despite these unknowns, the gap between the fair market rent and the actual market rent of $717 offers an opportunity for landlords to participate in the Section 8 program without significant loss. The higher FMR also means that landlords can potentially cover maintenance costs and still profit from their investments. Given the moderate median home value and stable renter share, the area presents a balanced environment for both homeowners and renters.
The verdict on Section 8 participation in ZIP code 68770 is positive, with the potential for landlords to secure steady tenancy and reasonable returns on investment.
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.