Location: Thayer County, NE | Metro: Nuckolls County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68943 in metro FY 2026 is set at $960. This figure represents the payment standard for Section 8 rentals, which is the amount the government will pay toward your rental property. It's important to note that this is not the total rent you can charge your tenant; it's the maximum amount the government will subsidize.
In contrast, the average rent for the area according to the Census American Community Survey (ACS) is $529. This means that the FMR for Section 8 is significantly higher than the typical market rate, potentially providing a more stable income stream for landlords.
The renter share in this ZIP code is 30.9%, indicating that nearly one-third of households are renters. This suggests a decent demand for rental properties, especially those that qualify under the Section 8 program. However, the acquisition cost for properties in this area is listed as N/A, meaning there isn't enough data to provide an accurate average price for homes or apartments. Landlords should research local real estate listings to determine the actual costs of acquiring a property.
Before committing to a Section 8 rental in ZIP 68943, ensure that your property meets all the necessary inspection criteria. The housing unit must pass a quality inspection known as the Housing Quality Standards (HQS) test. This verification step is crucial because failing to meet these standards could result in disqualification from the program, leaving you without the expected income.
Additionally, the FMR of $960 is designed to cover the median rent for a standard two-bedroom apartment in the area. Given the local average rent of $529, landlords can expect the government subsidy to make up the difference between the actual rent and the tenant's portion, which is typically around 30% to 40% of their income. This setup ensures that landlords receive a fair rental income while tenants pay what they can afford.
In summary, ZIP 68943 presents a viable opportunity for landlords interested in Section 8 rentals, with a higher payment standard compared to the local average. The significant renter population supports demand, but thorough due diligence on property acquisition and HQS compliance is essential for success.
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.