Location: Greeley County, NE | Metro: Howard County, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 68835 presents a unique set of conditions that influence both buying and renting strategies for landlords and small-portfolio investors. With a median home value of $214,916, the area stands out as an affordable option for investment. The lack of percentage of listings being reduced suggests a stable market where sellers are not feeling pressured to lower their asking prices, indicating strong seller confidence and potentially, pricing power.
The median days on market (DOM) being unavailable points to either a very active market where homes sell quickly or a less liquid market with fewer transactions. Either way, the combination of a stable median home value and the absence of reductions in listing prices signals a resilient housing market that can withstand fluctuations without significant price drops.
On the rental side, the Fair Market Rent (FMR) for ZIP 68835 in fiscal year 2024 is projected at $870, while current market rents hover around $911 according to Census ACS data. This slight premium indicates that landlords can maintain current rents without significant adjustments, suggesting a balanced market where demand meets supply. However, the proximity of FMR to market rents also means that any economic shifts could quickly impact rental income, making it crucial for investors to monitor local employment and economic indicators closely.
For long-term investors, the setup in ZIP 68835 implies a moderate appreciation thesis. Given the stable home values and the slight edge in market rents over FMR, there is potential for gradual growth in property values and rental incomes. However, the lack of substantial upward pressure on rents or home values means that rapid appreciation is unlikely. Instead, investors should anticipate steady but modest gains, aligning with broader regional trends rather than exceptional market performance.
To summarize, the data suggests a market in ZIP 68835 that offers a solid foundation for real estate investments, particularly for those seeking stability and moderate growth. Landlords and investors should focus on maintaining current rents and be prepared to hold properties for the long term, leveraging the area's affordability and the balance between rental demand and supply.
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.