Location: Kearney County, NE | Metro: Buffalo County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The median income in ZIP code 68840 stands at $76,394, which places significant constraints on the average household's ability to afford housing. At the market rate of $848 per month (as reported by the Census ACS), a substantial portion of the median income—approximately 12.5%—is dedicated to rent. This figure alone indicates a challenging financial landscape for renters.
Comparatively, the voucher payment standard set at Fair Market Rent (FMR) of $1,050 (for metro FY 2026) is notably higher than the current market rate. This means that households receiving vouchers have more purchasing power when it comes to renting properties in this area. However, the disparity between the median income and the FMR highlights an affordability gap that could impact the rental market.
With 26.3% of the population being renters and a total population of 2,624, landlords face a competitive environment where the availability of Section 8 vouchers could be a deciding factor in securing tenants. The higher voucher amount compared to the market rate suggests that landlords who accept vouchers might have a more stable tenant pool, given the increased financial capacity of voucher holders.
The takeaway for landlords considering their strategy regarding voucher acceptance versus cash pay is clear. While accepting vouchers might mean dealing with some administrative processes, the higher rent payment of $1,050 can be more attractive than relying solely on the market rate of $848. In a competitive market where 26.3% of residents are looking for affordable housing, leveraging the additional financial support from vouchers can provide a steady income stream and reduce vacancy rates.
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.