Location: Adams County, NE | Metro: Adams County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
The Section 8 market in ZIP code 68902, located in Adams County, Nebraska, offers a unique opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by HUD for the metro area, effective for fiscal year 2026, stands at $960. However, the lack of available market rent data means that direct comparisons cannot be made. Despite this gap, it's possible to assess the viability of voucher tenants in this area based on the HUD FMR.
Voucher tenants in ZIP 68902 will generally cashflow at the HUD FMR rate of $960. This means that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses while still generating a profit from their rental properties. The absence of specific market rent figures makes it challenging to determine if there's a significant margin beyond the FMR, but given the rural setting and the typically lower cost of living, it's reasonable to assume that most properties will cashflow well with voucher tenants.
The median home value in this ZIP code is also not available, which complicates deriving a precise rent-to-price ratio. Nonetheless, the overall economic context suggests that housing values in 68902 are likely to be lower compared to urban areas, which could indicate a favorable rent-to-price ratio for those interested in purchasing homes to rent out using Section 8 vouchers.
Regarding the days on market (DOM) and the percentage of price cuts, both pieces of data are not provided. These metrics would typically help gauge the competition between renting and buying, but without them, we must rely on other factors such as the local job market and population trends to understand the broader economic environment.
The strongest angle for investors in ZIP 68902 is stability. Given the reliance on government-funded vouchers, the income stream is consistent and less affected by market fluctuations. Stability ensures that investors can count on regular returns without the volatility often seen in private rental markets, making it an attractive proposition for conservative investors seeking reliable cash flow.
Data Sources: FMR data from HUD (2027).
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.