Location: Valley County, NE | Metro: Custer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The Valley County, NE metro typically sees a median home value of around $206,814, according to recent data. Comparatively, ZIP code 68828 lacks specific market rent and home value data, making it challenging to place it precisely within the metro's real estate hierarchy. However, with a Federal Market Rent (FMR) of $1,440 for fiscal year 2026, ZIP 68828 could be considered a value pocket or mid-tier neighborhood, depending on the actual market rents and home values.
The renter share in ZIP 68828 stands at 20.8%, which is a notable figure. Typically, a higher renter share can indicate a concentration of rental properties that cater to tenants, including those receiving Section 8 assistance. If the home values in 68828 were below the metro average of $206,814, it would suggest that this ZIP code is indeed a sweet spot for Section 8 landlords and small-portfolio investors looking for affordable properties to manage.
Without definitive market rent and home value data for ZIP 68828, we cannot conclusively determine its status within the Valley County, NE metro. However, the combination of a lower FMR and a significant renter share suggests potential as a value pocket or mid-tier neighborhood, offering opportunities for landlords and investors who focus on affordability and accessibility.
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.