Location: Furnas County, NE | Metro: Furnas County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 68946 presents a unique challenge for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 36, it's evident that the number of potential renters is extremely limited. The data indicates that 0.0% of the residents are renters, which suggests this area is predominantly homeowner-dominated. This characteristic makes it less likely to have a deep voucher demand compared to areas with higher percentages of renters.
The median household income in ZIP 68946 is $11,667, a figure that is notably low. However, without specific market rent data, we cannot calculate the exact percentage of local income that goes towards typical rent. Nonetheless, the Fair Market Rent (FMR) for the area is set at $1,110 per month for FY 2026, according to the metro standards. Given the low median income, we can infer that market rents would need to be quite affordable to be within reach of most residents.
In such an environment, landlords should anticipate tenants who rely heavily on housing vouchers due to the limited income levels. The FMR serves as a guideline for the maximum rental assistance payment landlords might receive through the Section 8 program. Therefore, properties priced above $1,110 could struggle to attract voucher holders, potentially limiting the pool of eligible tenants.
To conclude, while ZIP 68946 offers opportunities for landlords willing to cater to low-income households, the extremely small population size and low percentage of renters indicate that the demand for Section 8 vouchers will be relatively scarce. Landlords must price their properties competitively within the FMR to maximize their chances of securing tenants through the Section 8 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.