Location: Dixon County, NE | Metro: Cedar County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 68792, located within the Dixon County, NE metro area, presents an interesting case study for real estate analysis. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $910, which is a key figure for landlords and investors considering the rental market. The FMR reflects the maximum amount that a low-income family participating in the Section 8 program can pay towards their housing costs.
Despite the FMR being $910, the specific market rent for ZIP 68792 is not available, indicating a potential gap in data that could be significant for detailed analysis. However, the median home value in this ZIP is $224,201, which provides insight into the overall property values in the area. Additionally, the renter share stands at 4.5%, suggesting that a smaller portion of residents in this ZIP code are renters compared to homeowners.
To contextualize these figures, let's consider what they might indicate about the ZIP code's position within the Dixon County, NE metro. With an FMR of $910 and a median home value of $224,201, it is likely that ZIP 68792 is not a premium sub-market but rather a value pocket. Premium markets typically have higher FMRs and home values, reflecting a higher cost of living and potentially greater demand for rental properties.
The absence of specific market rent data makes it challenging to draw direct comparisons, but the lower FMR relative to the median home value suggests that rental properties in 68792 are more affordable than the average property price. This combination of factors can be advantageous for landlords who cater to low-income families eligible for Section 8 assistance, as the gap between FMR and home values often signifies a sweet spot where rental properties are more accessible and potentially more affordable for tenants.
Moreover, the 4.5% renter share is notably low, which could imply that the majority of residents in ZIP 68792 prefer homeownership over renting. This trend might suggest that rental opportunities are less common, making them more valuable for those seeking to invest in properties that cater to the Section 8 program.
In summary, based on the provided data, ZIP 68792 appears to be a value pocket within the Dixon County, NE metro. It offers a balance between affordability for Section 8 participants and relatively lower competition from other rental properties, given the low renter share. This positioning can be particularly attractive for landlords and small-portfolio investors looking to serve a niche market effectively.
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.