Location: Kearney County, NE | Metro: Hall County, NE HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $183,473 | 0.6% | F |
| 3BR | $1,380 | $239,066 | 0.58% | F |
U.S. Census Bureau data (2024)
Kenesaw, NE, located in Adams County, has a distinct profile among ZIP codes due to its unique data points. With only 1,140 residents, it stands out as a small community where just 9.7% of the population rents their homes. The median income for Kenesaw's residents is $94,231, which is notably higher than the national average, and the median home value is $222,359, reflecting a stable housing market.
The economic landscape for landlords and small-portfolio investors in Kenesaw is shaped significantly by the Section 8 voucher program. For fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom apartment in ZIP code 68956 is set at $920. In contrast, the Census Bureau's American Community Survey (ACS) indicates that the average market rent for similar units is $772. This discrepancy means that landlords who accept Section 8 vouchers can potentially command higher rental rates than those set by the market, providing an incentive for participation in the program.
The data signature for ZIP 68956 suggests a relatively stable environment. Despite the low percentage of renters, the high median income and median home value indicate financial stability among the residents. The difference between the FMR and market rent for Section 8 vouchers offers a clear economic opportunity for landlords. However, the small size of the community and the limited number of renters mean that the demand for subsidized housing might be lower compared to larger urban areas. This stability is important for long-term planning and investment decisions, as it implies less volatility and a predictable rental market.
In conclusion, Kenesaw, NE, presents a stable yet niche market for Section 8-related investments. Landlords can benefit from the higher voucher rates, but they should also consider the limited pool of potential tenants. The overall economic health of the ZIP code supports continued investment in housing, both owned and rented, with a particular focus on the opportunities presented by the Section 8 program.
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.