Section 8 Fair Market Rent (FMR) for ZIP 68821 - 2027
Location: Blaine County, NE | Metro: Blaine County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To decide whether you should buy in ZIP code 68821 for Section 8 purposes, follow this decision tree:
- Does FMR $990 (metro FY 2026) clear debt service on a property?
- If the answer is Yes: The Fair Market Rent (FMR) of $990 is sufficient to cover your debt service, making it financially viable.
- If the answer is No: The FMR does not cover your debt service. Investing in this area for Section 8 would be unprofitable.
- Is market rent above, at, or below FMR?
- If market rent is Above FMR: This indicates a strong rental market where properties can command higher rents. However, Section 8 tenants are limited to paying the FMR. You must weigh the benefits of potentially higher market rents against the limitations of Section 8.
- If market rent is At or Below FMR: This means that the market rent aligns closely with what Section 8 will pay. It's a more straightforward investment since you won't have to consider the opportunity cost of renting to non-Section 8 tenants.
- Are 14.0% renters + N/A-day DOM enough demand?
- If the percentage of renters is Sufficient: With 14.0% of the population being renters, there is a baseline demand for rental properties. However, the Days on Market (DOM) figure is missing, which is crucial to assess the speed at which units are rented. Without this information, it depends on other local factors such as employment rates and housing needs.
- If the percentage of renters is Inadequate: A low percentage of renters could mean less demand for rental properties. You need to evaluate if the local economy supports a higher rate of renters. If not, the investment might be risky.
The decision hinges on whether the FMR can cover your debt service and if the market rent aligns with FMR. The 14.0% of renters suggests a modest demand, but without knowing the DOM, it's challenging to determine how quickly units will be filled. Local economic conditions and competition also play significant roles.
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.