Location: Nuckolls County, NE | Metro: Clay County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $114,840 | 0.94% | C |
| 3BR | $1,290 | $193,269 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 68935, located in Edgar, Nebraska, presents a unique real estate investment scenario when analyzed through the lens of yield and stability.
Starting with yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $960. In contrast, the market rent for ZIP 68935 stands at $391. This significant gap suggests a potential for high-yield opportunities if investors can leverage the lower market rent while still attracting tenants. However, the average home value of $155,917 indicates that the initial investment required to enter this market is relatively moderate compared to other regions.
Moving onto stability, the ZIP code has 21.4% of its population renting homes, which is a modest figure. The lack of data on days on market (DOM) makes it challenging to assess the speed at which properties can be rented out. Additionally, the median household income of $61,667 provides insight into the economic conditions of the area. While this income level is not exceptionally high, it does offer a degree of stability, as it implies that tenants have the financial means to pay rent consistently.
Given these factors, ZIP 68935 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The disparity between the metro FMR and the local market rent indicates a potential for higher returns, but the relatively low percentage of renters and the moderate home values suggest that the market is not highly speculative or prone to rapid turnover. Instead, the area seems suitable for long-term investments where the focus is on generating reliable rental income over time.
To summarize, the key figures driving this assessment are:
Investors should consider these elements carefully when deciding whether to allocate resources to this area. The balance leans towards a market that offers steady cash flow rather than high-risk, high-reward flipping opportunities.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.