Location: Clay County, NE | Metro: Clay County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 68954, located within the Clay County, NE metro area, has a Fair Market Rent (FMR) of $1,090 for fiscal year 2026. This figure is crucial for landlords and small-portfolio investors who wish to understand the rental landscape within this county. While the specific market rent and home values for ZIP 68954 are not available, we can infer its position relative to other ZIP codes in Clay County based on the given data.
The renter share in ZIP 68954 stands at 36.8%. This indicates that a significant portion of the residents are renters, which is higher than the national average but not uncommon for certain areas within a metro region. The FMR of $1,090 suggests that it is likely a mid-tier neighborhood within the Clay County, NE metro. Mid-tier neighborhoods typically offer a balance between affordability and living standards, making them attractive to a broad range of tenants including those eligible for Section 8 housing assistance.
Without specific market rent and home value data for comparison, we cannot definitively categorize ZIP 68954 as a value pocket or a premium sub-market. However, the high renter share combined with the absence of market rent and home value data could imply that there is a strong demand for rental properties in this area, potentially due to a concentration of affordable housing options or a mix of socio-economic factors that attract renters.
To determine if 68954 is a Section 8 sweet spot, one would typically look for a scenario where the renter share is high and the home values are below the metro average. Since the home values for ZIP 68954 are not provided, we cannot make this determination directly. However, the high renter share suggests that there might be a considerable number of potential Section 8 tenants in the area, which could be advantageous for landlords willing to participate in the program.
In summary, ZIP 68954 appears to be a mid-tier neighborhood within the Clay County, NE metro, characterized by a moderate FMR and a relatively high renter share. For landlords interested in Section 8 properties, this ZIP code presents an opportunity, especially if the absence of market rent and home value data is indicative of a strong rental market.
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.