Location: Custer County, NE | Metro: Custer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 68822, located in Custer County, NE metro, presents a unique opportunity for Section 8 real-estate analysts. With a Fair Market Rent (FMR) of $960 for FY 2026, it stands out as a potential cash-flow anchor within a diversified portfolio.
The median home value in ZIP 68822 is $168,674, while the market rent is $877. This creates a significant spread between the FMR and market rent, indicating that properties in this area can be rented at Section 8 rates without sacrificing profitability. The $83 difference between the FMR and market rent means that landlords can achieve positive cash flow on their investments, making 68822 a strong candidate for a cash-flow anchor.
Additionally, the median income in the area is $67,500, which supports the ability of tenants to participate in the Section 8 program. The 39.5% renter share also suggests a stable demand for rental properties, further reinforcing the cash-flow anchor position.
While the 0.1% price-cut share and N/A-day Days on Market (DOM) indicate limited potential for rapid appreciation, the steady cash flow and low risk associated with this ZIP code make it a valuable addition to any Section 8-focused investment strategy. Landlords and small-portfolio investors should consider 68822 as a reliable component of their portfolios, ensuring consistent returns and a solid foundation for future growth.
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.