Location: Harlan County, NE | Metro: Furnas County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68977 in metro FY 2026 is set at $980. This figure represents the payment standard used by the Housing Choice Voucher program, commonly known as Section 8. It is important to note that this does not necessarily reflect the actual rent you can charge your tenants; it is the maximum amount the government will pay toward a tenant's rent.
In ZIP 68977, the local market rent data is currently unavailable, which makes the FMR of $980 a crucial reference point for understanding the rental market dynamics in this area. The FMR is designed to cover a broad range of housing types and conditions, ensuring that voucher holders have access to a variety of rental options.
The 10.5% renter share indicates that approximately 10.5% of the households in this area are renters. This percentage suggests a moderate level of demand for rental properties, particularly those eligible under the Section 8 program. While the exact local market rent is not available, the FMR provides a benchmark for pricing your rental units to ensure they are competitive and attractive to potential Section 8 tenants.
The acquisition cost for new Section 8 properties is also listed as N/A, meaning there is no additional upfront cost required to enroll your property in the program. However, landlords should be aware that the process of becoming a Section 8 landlord involves certain requirements and responsibilities, including regular inspections and adherence to program rules.
Before committing to your first Section 8 rental in ZIP 68977, verify that your property meets all the necessary eligibility criteria set by the local housing authority. These criteria typically include safety, health, and structural standards to ensure that the living environment is suitable for tenants. By confirming compliance with these standards, you can proceed with confidence knowing that your property is prepared to accept Section 8 tenants.
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.