Location: Gosper County, NE | Metro: Furnas County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 68922, located in Gosper County, Nebraska, reveals several key points regarding its viability for rental investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area is set at $990 for fiscal year 2026, which is significantly higher than the current market rent of $770 based on Census ACS data. This indicates that landlords can potentially increase rents to align with the FMR, thereby improving their financial outcomes.
Regarding the affordability of acquisitions, the median home value in ZIP 68922 is $157,182. With no available data on days on market (DOM) or the percentage of homes that have been listed with a price cut, it's challenging to determine how competitive the housing market is. However, the median home value suggests that purchasing properties in this area could be relatively affordable compared to other regions, making it a feasible option for small-portfolio investors.
Lastly, the tenant demand must be assessed. The ZIP code has a population of 1,299, with 29.4% of residents being renters. This percentage translates to approximately 382 tenants, indicating a reasonable demand for rental properties within the area. Despite the low overall population, the renter share suggests that there are enough potential tenants to sustain rental investments.
In conclusion, ZIP 68922 presents an opportunity for rental investments due to the potential to raise rents to meet the FMR of $990, an affordable median home value of $157,182, and a sufficient tenant demand with nearly 30% of the population renting. Landlords should consider these factors when evaluating the potential profitability of acquiring properties in this region.
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.