Location: Gosper County, NE | Metro: Dawson County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,770 | $274,528 | 0.64% | D |
U.S. Census Bureau data (2024)
The market in ZIP code 69028 presents a dynamic landscape that favors neither an overwhelming surplus nor a scarcity of rental units. With a Fair Market Rent (FMR) set at $1,130 for the fiscal year 2026, landlords can anticipate a stable rental environment that aligns closely with the government's assessment of what constitutes a fair rent in the area. This figure, however, stands slightly above the reported market rent of $879, indicating a potential upward trend in rental pricing as the market adjusts to meet the FMR standards.
The median home value in ZIP 69028 is $243,879, which suggests a relatively affordable housing market. While this data point alone does not provide a complete picture of the supply-demand balance, it does indicate that homeownership is accessible to a broad range of buyers, potentially easing the pressure on the rental market. However, the 20.1% renter share reveals a significant portion of the population choosing to lease rather than buy, signaling a persistent demand for rental properties.
This percentage is indicative of long-term housing pressures, suggesting that a substantial number of residents find renting more suitable due to various factors such as affordability, mobility needs, or the preference for not investing in property ownership. The presence of renters in a significant proportion of the housing stock points towards a steady demand for rental properties, which could be influenced by economic conditions, employment opportunities, and demographic trends.
Without historical data, it's challenging to definitively state whether supply outpaces demand or vice versa. However, the gap between the FMR and market rent, along with the median home value, implies a market where rental prices are gradually rising but have not yet reached the level set by the FMR. This suggests a moderate equilibrium where demand meets supply, albeit with some upward pressure on rents as the market adjusts to the FMR benchmarks.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.