Section 8 Fair Market Rent (FMR) for ZIP 68960 - 2027
Location: Harlan County, NE | Metro: Franklin County, NE
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $790 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$85,278
To decide whether to invest in ZIP code 68960 for Section 8 properties, follow this decision tree:
- Does FMR ($960) clear debt service on a property?
- If the answer is Yes: The Fair Market Rent (FMR) of $960 is sufficient to cover the debt service on a property in this area, making it financially viable for landlords.
- If the answer is No: The FMR does not meet the required threshold to cover debt service, which would make investing in Section 8 properties less attractive due to financial strain.
- Is market rent above, at, or below FMR?
- If market rent is Above FMR: This indicates that the local rental market is stronger than the federal guidelines, potentially allowing landlords to earn higher rents outside of Section 8.
- If market rent is At FMR: The local rental market matches the federal guidelines, making Section 8 a suitable option for landlords looking to maintain stable cash flows.
- If market rent is Below FMR: Landlords may find it advantageous to participate in the Section 8 program, as the guaranteed income will be higher than what the market offers.
- Are 7.9% renters and N/A-day days on market (DOM) enough demand?
- If the answer is Yes: With 7.9% of the population being renters and an acceptable DOM rate, there is sufficient demand to support Section 8 investments.
- If the answer is No: The low percentage of renters and high DOM indicate weak demand, which could lead to prolonged vacancies and reduced profitability.
- If the answer is It Depends: Consider other factors such as the vacancy rate, economic stability, and the presence of social programs that might attract tenants. A deeper analysis is necessary to determine if the investment is worthwhile.
Note: Due to the lack of specific data points for market rent and days on market, the second and third questions cannot be fully answered without additional research into the current rental market conditions of ZIP code 68960.
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.