Location: Clay County, NE | Metro: Clay County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The analysis of ZIP 68975 within the Clay County, NE metro area reveals critical insights for landlords and small-portfolio investors considering investment in this region.
The rent math does not work favorably due to the lack of available market rent data. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. This figure should be used as a benchmark for rental pricing, but without comparative market data, it's challenging to determine if this rate will attract tenants.
Acquisition affordability is unclear given the absence of median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts. These metrics are crucial for understanding the local real estate market dynamics and assessing whether property acquisition would be a viable option for investors.
Tenant demand is limited. The total population of the ZIP code is only 88, with a renter share of 20.0%. This indicates that there are just under 18 potential renters in the area, which is insufficient to support a robust rental market. The low number of residents suggests that finding tenants could be difficult, especially given the limited size of the rental pool.
Verdict: Investment in ZIP 68975 is not advisable at this time. The rent math is based solely on the FMR without any market rent comparison, indicating uncertainty in achieving a competitive rental rate. Furthermore, the lack of data on median home values, DOM, and price-cut shares makes it impossible to gauge the feasibility of acquiring properties affordably. Lastly, the extremely low population and limited number of potential renters make tenant demand unlikely to sustain a profitable rental business. Landlords and investors should seek areas with more substantial populations and clearer market indicators for better investment opportunities.
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.