Location: Harlan County, NE | Metro: Furnas County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
ZIP code 68967, located within the Harlan County, NE metro area, presents a unique rental landscape compared to other ZIP codes in the county. The Fair Market Rent (FMR) for 68967 is set at $1,090 for fiscal year 2026, which is notably higher than the market rent currently observed at $695. This indicates that while the government's benchmark for reasonable rental costs is $1,090, actual rents in the area are lower, suggesting potential undervalued properties.
The median home value in 68967 stands at $121,561, which is likely reflective of the overall housing market conditions in the county. A significant portion of the residents in this ZIP code are renters, with the renter share being 24.7%. This percentage is substantial and may indicate a demand for affordable rental units, particularly those that qualify for Section 8 assistance.
To determine if 68967 is a value pocket, mid-tier neighborhood, or a premium sub-market within its metro, we must consider the interplay between FMR, market rent, and home values. Given that the FMR exceeds the market rent, and the home values are moderate, it suggests that 68967 could be an attractive area for Section 8 participants. The relatively high renter share combined with below-metro home values signals a potential sweet spot for landlords who can offer homes at or slightly above the market rent but still within the reach of Section 8 subsidies.
In conclusion, ZIP code 68967 appears to be a value pocket within the Harlan County, NE metro. Landlords and small-portfolio investors should find opportunities here to provide affordable housing that aligns with the needs of renters and the financial support available through Section 8 programs. The current market conditions favor those willing to adapt their pricing strategies to meet the subsidized rental market demands.
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.