Section 8 Fair Market Rent (FMR) for ZIP 68814 - 2027

Location: Custer County, NE | Metro: Custer County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$980
2 Bedrooms	$1,270
3 Bedrooms	$1,760
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

984

Median Household Income

$73,295

Housing Units

505

Renter Percentage

23.1%

Occupancy Rate

89.1%

Renter Occupied

104

The ZIP code 68814, located in Nebraska, offers a stable real estate market for both landlords and small-portfolio investors. This area is characterized by its moderate housing costs and a significant portion of renters, making it an attractive location for those interested in rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,290. This figure provides a benchmark for rental pricing in the area.
According to the Census American Community Survey (ACS), the average market rent for the same type of unit is $1,000. This indicates that the actual rents may be slightly below the FMR, offering some flexibility in pricing strategies.
The median home value in ZIP 68814 stands at $150,473. This relatively low cost can be advantageous for investors looking to purchase properties without incurring high capital expenses.
Renters make up 23.1% of the population in this ZIP code, suggesting a steady demand for rental units. This percentage reflects a balance between homeowners and renters, which can be beneficial for maintaining a diverse tenant base.
The median household income in the area is $73,295. This income level supports a reasonable ability to pay rent, contributing to the stability of the rental market.

Synthesizing these points, investors in ZIP 68814 can expect a moderately priced market with a good balance between rental opportunities and home ownership. The gap between the FMR and the actual market rent presents an opportunity for landlords to adjust their pricing to remain competitive while still achieving fair returns. With a median home value under $150,000 and a median income above $73,000, the area maintains a healthy affordability ratio, supporting the financial viability of tenants. The 23.1% renter share ensures a consistent demand for rental properties, making it a reliable investment option for those looking to enter or expand their portfolio in a stable market environment.

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.