Section 8 Fair Market Rent (FMR) for ZIP 68852 - 2027

Location: Sherman County, NE | Metro: Custer County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$780
2 Bedrooms	$1,010
3 Bedrooms	$1,410
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

572

Median Household Income

$76,250

Housing Units

272

Renter Percentage

17.7%

Occupancy Rate

87.1%

Renter Occupied

The ZIP code 68852, located in the heart of rural Nebraska, offers a stable environment for real estate investment, particularly for those interested in the rental market. The area benefits from a mix of agricultural and small-town economies, providing a steady income base for potential tenants.

Fair Market Rent (FMR): For fiscal year 2026, the FMR for a two-bedroom apartment in the metro area surrounding ZIP 68852 is set at $960, indicating a robust demand for affordable housing options.
Market Rent: According to Census ACS data, the average market rent in ZIP 68852 stands at $579, significantly below the FMR, suggesting opportunities for landlords to increase rents slightly without alienating tenants.
Median Home Value: The median home value in the area is $227,168, offering a reasonable entry point for investors looking to acquire properties that can be converted into rental units.
Renter Share: With 17.7% of residents being renters, there is a notable but not overwhelming proportion of the population seeking rental accommodations, ensuring a balanced market.
Days on Market (DOM): The data does not provide a specific figure for days on market, which could indicate either a very efficient sales process or a lack of recent transactions to establish a trend.
Median Income: The median income of $76,250 suggests that tenants have the financial stability to support higher rent prices, aligning well with the FMR.

The analysis points to a promising investment opportunity in ZIP 68852, especially for those who can offer rental properties at or near the FMR. The discrepancy between market rent and FMR indicates potential for increasing rental yields, while the median income supports the ability of residents to pay higher rents. The median home value provides a solid foundation for property acquisition, and the stable renter share ensures a consistent demand for rental units. However, the absence of DOM data should be addressed by conducting further research to understand the local real estate transaction dynamics fully.

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.