Location: Valley County, NE | Metro: Custer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
ZIP code 68815 within the Valley County, NE metro presents an interesting profile compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 68815 is set at $1,140 for fiscal year 2026, which is notably higher than the market rent of $675. This discrepancy suggests that while government subsidies might be generous, the actual rental market is more affordable.
The median home value in ZIP 68815 stands at $223,883, which is likely reflective of the broader Valley County, NE market. However, the renter share in this ZIP code is significantly higher at 25.2%, indicating a larger proportion of renters compared to homeowners. This higher renter share combined with below-metro average home values can signal a potential value pocket for landlords and small-portfolio investors, particularly those interested in Section 8 housing opportunities.
Typically, a higher renter share with relatively lower home values can indicate areas where Section 8 vouchers are more prevalent, making such neighborhoods attractive for properties that cater to low-income tenants. In ZIP 68815, landlords can expect a robust demand from tenants utilizing Section 8 vouchers, given the generous FMR relative to the actual market rent.
In summary, ZIP 68815 appears to be a value pocket within the Valley County, NE metro, offering a favorable environment for landlords and small-portfolio investors looking to capitalize on the local rental market dynamics. The combination of a high renter share and relatively lower home values makes it a strategic location for properties that serve low-income families through 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.