Location: Red Willow County, NE | Metro: Frontier County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 69022, located in Red Willow County, NE, serves as a cash-flow anchor within a Section 8 portfolio strategy. The HUD Fair Market Rent (FMR) for a two-bedroom unit in this ZIP code is $960 for fiscal year 2026. Given the market rent of $902, there is a positive spread of $58 between the FMR and the market rent. This indicates that landlords can potentially receive slightly more than the market rate when participating in the Section 8 program, which helps ensure steady and reliable cash flow.
The median home value in ZIP 69022 is $167,173, which is relatively low compared to many other areas. This makes it feasible for landlords to acquire properties at a lower cost, thereby increasing their potential cash flow. Additionally, the median income of $64,719 suggests that there is a sufficient demand for affordable housing, making Section 8 participation a viable option for landlords.
The lack of significant appreciation potential, indicated by the absence of percentage growth in rental prices and days on market (DOM), further supports the role of ZIP 69022 as a cash-flow anchor rather than an appreciation play. The 17.3% renter share demonstrates that while there is a notable portion of renters, the majority of residents still own their homes, suggesting stability but not rapid growth in rental demand.
In summary, ZIP 69022 is best suited as a cash-flow anchor in a Section 8 portfolio due to its favorable FMR-to-market rent spread and the relatively low cost of acquiring properties in the area. Landlords can expect consistent income without the volatility associated with markets that have higher appreciation potential.
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.