Section 8 Fair Market Rent (FMR) for ZIP 68854 - 2027

Location: Hamilton County, NE | Metro: Hamilton County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$820
2 Bedrooms	$1,040
3 Bedrooms	$1,400
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

708

Median Household Income

$91,875

Housing Units

366

Renter Percentage

12.6%

Occupancy Rate

78.1%

Renter Occupied

Housing Authorities Serving ZIP 68854

Aurora Housing Authority (Aurora, NE)

The ZIP code 68854 is located in a suburban area that offers a mix of residential living and access to urban amenities, making it attractive for both homeowners and renters. The local economy is stable, with a median income reflecting above-average earning potential for residents.

The Fair Market Rent (FMR) for ZIP 68854 as of fiscal year 2026 is set at $970, providing a benchmark for rental pricing in the area.
The average market rent, according to Census ACS data, is slightly lower at $950, indicating that properties priced at or below the FMR will likely attract tenants.
The median home value in ZIP 68854 stands at $366,996, offering a solid investment base for those looking to purchase real estate in the area.
Renters make up 12.6% of the housing market, suggesting a moderate demand for rental properties but also a significant owner-occupied presence.
The Days on Market (DOM) data is currently unavailable, which means investors should focus on other metrics to gauge property turnover speed.
The median household income in the area is $91,875, indicating that residents have the financial stability to support rental prices near the FMR or slightly above.

In summary, ZIP 68854 presents a balanced market where rental properties priced around the FMR of $970 can expect steady occupancy rates given the area's stable median income. With a median home value of $366,996, there's a strong foundation for real estate investments. However, the relatively low renter share of 12.6% suggests that competition among rental properties could be high, necessitating well-maintained and competitively priced units. Landlords and small-portfolio investors should leverage these figures to make informed decisions about their investments in this ZIP code.

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.