Location: Thayer County, NE | Metro: Nuckolls County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 68974 is situated in a rural setting within the state of Nebraska. This area is characterized by a small, close-knit community with a total population of just 262 residents. Only 2.3% of these residents are renters, indicating that it is predominantly a homeowner's market. The median household income in this ZIP code is relatively strong at $79,643, suggesting that the local economy supports a comfortable standard of living for its inhabitants.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area, which likely includes ZIP 68974, has been set at $960 for fiscal year 2026. However, the market rent data for this particular ZIP code is not available, making it challenging to compare the FMR against actual local rents. The lack of data on median home values further underscores the scarcity of detailed real estate metrics for this rural ZIP code.
Given the low percentage of renters and the limited availability of specific real estate data, ZIP 68974 may not be an ideal location for hands-off Section 8 voucher operators. The small number of potential tenants and the difficulty in assessing market conditions suggest that a hands-on approach would be necessary to manage properties effectively. Investors interested in this ZIP code should be prepared to engage actively in property management and possibly enhance property values through renovations or other value-add strategies to attract the limited pool of renters.
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.