Location: Dundy County, NE | Metro: Dundy County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 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 potential pitfalls for investing in ZIP 69021 under the Section 8 program are significant and must be carefully considered. Tenant turnover is a critical issue, with the market rent at $700 being substantially lower than the Fair Market Rent (FMR) of $960 for FY 2026 in the metro area. This disparity can lead to frequent tenant changes, increasing administrative costs and reducing rental income stability.
Vacancy exposure is another concern, though the exact number of days on market (DOM) is unavailable, which makes it difficult to predict how long properties might remain vacant. A prolonged period of vacancy can be financially detrimental due to lost rental income and increased maintenance needs.
The deferred-maintenance exposure is also noteworthy. With a typical home value of $190,065 and a median income of $54,375, homeowners may struggle to afford timely repairs and upgrades. This can result in higher maintenance costs for landlords, especially when managing older properties that require more upkeep.
However, these risks must be weighed against the substantial 23.4% renter share in the area. High renter density often translates into greater demand for housing vouchers, which can provide a steady stream of tenants who are less likely to default on rent payments. The presence of a large number of renters also indicates a robust rental market, which can help mitigate some of the financial risks associated with vacancies and maintenance.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 69021 is moderate. While there are significant challenges related to tenant turnover and maintenance, the high renter share provides a counterbalance that supports a stable, albeit not risk-free, investment environment.
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.