Location: Greeley County, NE | Metro: Greeley County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 68842 presents a unique opportunity for landlords and small-portfolio investors, given the current dynamics surrounding home values and rental rates. With a median home value of $200,298, the area stands at an accessible price point for many potential buyers and renters. The fact that there is currently no percentage of listings being reduced and the median days on market (DOM) is unspecified suggests a stable market condition where neither buyers nor sellers are under significant pressure to adjust prices.
On the rental side, the Forward Moving Rent (FMR) for the metro area in fiscal year 2026 is projected to be $1,080. This figure contrasts sharply with the current market rate of $658, as reported by the Census ACS. This discrepancy implies that there is substantial room for rental rate increases, which can be beneficial for long-term investors looking to capitalize on rising demand for housing in the area.
Investors should take note of the pricing power that will likely emerge over the next 12-24 months. The stable home values combined with the potential for rental rates to rise towards the FMR indicate a favorable environment for those who can afford to hold properties for longer periods. As the gap between the FMR and current market rates narrows, it signals a positive trend for rental income growth, making it a sound strategy for long-hold investors.
However, the setup also highlights the importance of understanding local market conditions and trends beyond just the numbers. While the data points to a promising scenario for rental appreciation, investors must remain vigilant about broader economic factors and local regulations that could impact their returns. Nonetheless, the current alignment between home values and rental rates provides a solid foundation for a realistic appreciation thesis in ZIP 68842.
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.