Location: Webster County, NE | Metro: Adams County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
U.S. Census Bureau data (2024)
ZIP code 68928, located within the Webster County, NE metro, presents a unique snapshot when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 68928 is set at $1,050 for fiscal year 2026, aligning precisely with the metro's average FMR. However, the actual market rent in 68928 is notably lower, standing at $950. This suggests that 68928 offers rental properties at a discount relative to what might be expected based on FMR guidelines.
The median home value in 68928 is $156,979, which is likely below the average for the entire Webster County, NE metro area. Coupled with the fact that only 3.0% of residents in this ZIP code are renters, it indicates a primarily owner-occupied community. Despite the low renter share, the discrepancy between the FMR and the actual market rent points towards an opportunity for landlords who can offer units at competitive rates while still adhering to FMR standards.
Given these specifics, ZIP 68928 appears to be a value pocket within its metro. The lower-than-average market rent but alignment with FMR suggests that it is a cost-effective area for both tenants and landlords participating in Section 8 programs. Landlords in this ZIP can benefit from the lower property values and potentially higher profit margins due to the gap between FMR and market rent.
To summarize, 68928 stands out as a practical investment location for those looking to engage in Section 8 housing. Its combination of below-average home values and market rents, along with adherence to FMR guidelines, makes it a strategic choice for maximizing returns within the constraints of the program.
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.