Location: Dixon County, NE | Metro: Sioux City, IA-NE-SD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
113,750 is the median income in ZIP code 68785, indicating a relatively modest earning capacity among residents. This figure is crucial for understanding the financial landscape landlords will encounter when setting rents or dealing with housing assistance programs. 255,572 represents the median home value in this area, which is significantly lower than many urban centers but still provides insight into the local property market's valuation. Despite these numbers, 0.0% is the reported renter share, suggesting that homeownership is overwhelmingly prevalent in this community. This low renter share could imply limited demand for rental properties, making it challenging for landlords to find tenants willing to pay market rates.
Given the lack of specific market rent data, landlords must rely on the federally determined Fair Market Rent (FMR) of $910 for guidance in setting rental prices. This FMR serves as an upper limit for what is considered reasonable rent for a two-bedroom apartment under the Section 8 program, effectively capping how much landlords can charge through this subsidy. The absence of data regarding days on market (DOM) and the percentage of homes that have had their prices cut suggests a stable market with little fluctuation or need for aggressive pricing strategies.
In conclusion, the data paints a picture of a predominantly owner-occupied community with limited rental activity. For landlords interested in participating in the Section 8 program, the median income and FMR figures provide a clear framework for pricing and eligibility. However, the low renter share indicates a potentially saturated market for subsidized rentals. Therefore, the Section 8 verdict for ZIP code 68785 is cautiously optimistic, with careful consideration required due to the low rental demand.
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.