Section 8 Fair Market Rent (FMR) for ZIP 68878 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$900
2 Bedrooms	$1,090
3 Bedrooms	$1,390
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

463

Median Household Income

$91,786

Housing Units

194

Renter Percentage

29.7%

Occupancy Rate

88.7%

Renter Occupied

The ZIP code 68878, located in the heart of Nebraska, offers a stable real estate market with a mix of residential properties catering to both homeowners and renters. The area is characterized by its agricultural roots and close-knit community, providing a serene environment that appeals to families and individuals seeking a quieter lifestyle.

Fair Market Rent (FMR): The FMR for the metro area in fiscal year 2026 is set at $970, indicating a growing demand for affordable housing options.
Market Rent: According to Census ACS data, the average market rent in ZIP 68878 stands at $881, slightly below the FMR, suggesting a competitive rental market.
Renter Share: Renters make up 29.7% of the local population, highlighting a significant portion of the community that relies on rental properties.
Median Home Value: Data on the median home value is currently unavailable, which could be due to the limited number of sales transactions or the dominance of rural areas within the ZIP code.
Days on Market (DOM): Information on the average days homes are on the market before selling is also not available, possibly reflecting a low turnover rate in the housing market.
Median Income: The median household income in ZIP 68878 is $91,786, providing residents with a strong financial base to support rental payments or home purchases.

In summary, ZIP 68878 presents a viable investment opportunity for landlords and small-portfolio investors, particularly in the rental sector. With a median income well above the national average and a substantial renter share, the area supports steady rental demand. However, the lack of recent data on median home values and DOM indicates a potentially slower market for home sales. Landlords should focus on properties that offer value for the money, given the slight gap between market rents and the FMR. Overall, the ZIP code's stable economic conditions and the presence of a robust tenant base suggest a promising long-term rental investment scenario.

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.