Location: Hamilton County, NE | Metro: Hall County, NE HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $277,046 | 0.44% | F |
| 3BR | $1,500 | $360,736 | 0.42% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68832, Doniphan, Nebraska, for fiscal year 2024 is set at $1140. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not necessarily the amount you will receive as rent; it's the benchmark used by the Department of Housing and Urban Development (HUD) to determine reasonable rental rates.
In comparison, the average rent for ZIP 68832, based on recent Census American Community Survey (ACS) data, stands at $919. This means that the FMR is higher than the typical market rate, providing a potential opportunity to cover costs and earn a profit when participating in the Section 8 program.
The renter share in Doniphan is 15.9%, indicating that nearly 16% of the population are renters. This suggests a moderate demand for rental properties, particularly those that qualify for Section 8 assistance. The median home value in the area is around $350,531, which can be a significant investment for a single property. However, the FMR provides a guideline for setting rent that ensures it remains affordable for low-income families while offering landlords a fair return.
To clarify, the FMR does not guarantee a fixed rent but rather sets an upper limit. For instance, if your property is valued at a market rent of $919, you would likely receive this amount through the voucher program, adjusted according to the terms of the contract.
Before committing to a Section 8 rental, verify that your property meets all the necessary housing quality standards (HQS) required by HUD. These standards ensure that the property is safe, decent, and sanitary, and they must be met for the voucher to be approved.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.