Location: Buffalo County, NE | Metro: Buffalo County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 68812 is a modest-sized area with a population of 642 individuals. Despite its small size, it has a notable rental segment, with 19.5% of the population being renters. The median household income here stands at $69,808, which provides a useful benchmark for assessing the financial capacity of potential tenants.
Average market rent in this ZIP is $672, which represents approximately 9.5% of the median household income. This figure suggests that while rent is a significant expense, it is still manageable for most residents, indicating a stable rental market.
To further contextualize the affordability of housing, the Fair Market Rent (FMR) for the area is set at $960 for fiscal year 2026, reflecting a metropolitan standard. This means that the actual market rent is below the FMR, making it an attractive location for those seeking affordable housing options, including those who rely on Section 8 vouchers.
The presence of a 19.5% rental population indicates that there is a reasonable demand for rental properties, but it's not overwhelmingly high. Landlords can expect a mix of tenants, some of whom will be utilizing Section 8 vouchers to cover their rent. Given the income levels and the relatively low market rent compared to the FMR, these vouchers can help bridge the gap between what tenants can afford and the fair market value of housing.
In summary, landlords in ZIP 68812 should anticipate a tenant pool that includes individuals with diverse income levels, some of whom will be supported by Section 8 vouchers. The combination of a manageable rental rate and a slightly below average median income suggests that tenants here will be looking for cost-effective housing solutions. The expected tenants will likely be price-sensitive and appreciate the stability that comes with subsidized housing, making it a suitable environment for landlords willing to participate in the Section 8 program.
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.