Location: Custer County, NE | Metro: Custer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 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 68825 presents an interesting scenario for both renters and landlords alike. With a median income of $64,432, households in this area find themselves in a position where affording the market rate rent of $634 per month is feasible but challenging. This figure, derived from Census ACS data, indicates that the majority of residents could manage such expenses without significant strain on their budgets.
However, the landscape shifts when comparing these numbers to the Fair Market Rent (FMR) standards set by the government for voucher payments, which stand at $960 per month for the metro area in fiscal year 2026. This represents a substantial increase over the current market rate, potentially making voucher-reliant tenants a more attractive option for landlords seeking higher rental incomes.
The population of 995 with 26.0% being renters means there is a relatively small pool of potential tenants. In such a competitive environment, landlords must carefully consider their strategy. The disparity between the median income and the FMR suggests that many renters might struggle to pay market rates without assistance, leading to a high demand for properties that accept vouchers.
Landlords in ZIP 68825 should recognize the affordability gap and the implications it has on tenant selection. Accepting Section 8 vouchers could provide a steady stream of income closer to the FMR, mitigating risks associated with non-payment and vacancy. However, landlords should also be aware of the administrative requirements and potential delays in voucher processing. A balanced approach, offering both voucher and cash-pay options, might be the most effective way to navigate this market, ensuring a diverse tenant base while maximizing rental revenue.
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.