Location: Adams County, NE | Metro: Adams County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The median home value in ZIP 68973 is $215,263. Although the current market rent is below the FMR, this does not necessarily indicate poor performance for Section 8 properties. The lack of data regarding price-cut shares and days on market (DOM) suggests that the real estate market in this area is stable and not prone to rapid depreciation. Instead, the focus should be on the long-term potential for property value growth.
ZIP 68973 also features a median income of $87,031, which is relatively high and indicates a financially stable population. This factor supports the notion that properties in this ZIP code could appreciate over time, as higher incomes typically correlate with increased demand for housing and thus, higher property values.
A key point to consider is the 13.7% renter share, which is lower than many metropolitan areas but still significant enough to support a rental strategy. This figure suggests that while there is a strong homeownership culture, there remains a substantial number of renters who could benefit from Section 8 housing assistance. The lower renter share might also mean less competition for rental properties, potentially allowing for better tenant selection and management practices.
In summary, ZIP 68973 serves as an appreciation play within a Section 8 portfolio. The modest difference between the FMR and market rent ($960 vs $805) means that it will not provide exceptional cash flow, but the combination of a high median income and stable real estate market suggests that it will be a solid investment for long-term capital gains. Landlords and small-portfolio investors looking to balance their portfolios with a mix of cash flow and appreciation opportunities should consider including properties in ZIP 68973 as part of their strategy.
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.