Location: York County, NE | Metro: Hamilton County, NE
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 | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $301,017 | 0.48% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 68843 presents a dynamic equilibrium between rental and ownership, with key indicators revealing a balanced yet evolving landscape. The Fair Market Rent (FMR) stands at $960, reflecting the federal benchmark for the metro area in fiscal year 2026. This figure is closely aligned with the actual market rent of $973, as reported by the Census American Community Survey (ACS). This near parity suggests that the rental market is efficient, with rents closely tracking the FMR, indicating neither significant underpricing nor overpricing.
The median home value in 68843 is $286,445, which places homeownership within reach for many residents, contributing to a stable homeownership base. However, the lack of data on price-cut share and days on market (DOM) precludes a definitive assessment of whether supply currently outpaces demand or vice versa. Despite these missing pieces, the 16.5% renter share provides insight into the long-term housing pressures faced by the area. A lower renter share typically points towards a preference for homeownership, suggesting that the majority of the population seeks to invest in property rather than rent. This trend can indicate a stable housing market with less volatility compared to areas with higher renter shares.
However, it also implies that there could be increasing pressure on the rental market as those who cannot afford or choose not to buy homes will continue to rely on rental properties. Landlords and small-portfolio investors should remain vigilant about maintaining competitive rental rates while also being mindful of potential shifts in the balance between renters and homeowners as economic conditions change. The snapshot of current market conditions in 68843 reveals a market that is moving towards stability, with rental and home values reflecting a reasonable equilibrium. Investors should focus on understanding the local economy and employment trends to anticipate future changes in housing demand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.