Location: Wayne County, NE | Metro: Dixon 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 | $940 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $270,679 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 68784 is situated in a rural Nebraska neighborhood characterized by a modest population size of 1,740 residents. Renters make up 31.7% of the housing market, indicating a significant portion of the community relies on rental properties. The median household income here is $62,216, which suggests that while the area is not affluent, it is economically stable enough to support a reasonable standard of living. The median home value stands at $196,215, reflecting the overall affordability and accessibility of homeownership in the region.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 68784 as of the fiscal year 2024 is set at $910. This figure is notably higher than the average market rent reported by the Census Bureau's American Community Survey (ACS), which is $725. This discrepancy highlights an opportunity for landlords who can offer quality accommodations that justify the higher FMR rates, potentially increasing their rental income above the local market average.
Given these economic conditions, ZIP 68784 could be a suitable location for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the presence of the Section 8 program ensures a steady stream of tenants with guaranteed income through government subsidies. However, for those looking to actively manage and improve their properties, the gap between the FMR and market rent provides a tangible incentive to invest in property enhancements that can command the higher rental rates. Whether opting for a passive or active investment strategy, the economic indicators point towards a manageable risk profile with potential for positive returns.
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.