Location: Lincoln County, NE | Metro: Dawson County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
34.5% of residents in ZIP 69029 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $725 market rent observed in the area, as reported by the Census ACS. Landlords can leverage this data to set competitive rental rates that attract tenants while maintaining profitability.
$1,020 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which provides a benchmark for rental pricing in the Section 8 program. Given that the FMR exceeds the current market rent, landlords participating in Section 8 can expect higher rental incomes compared to the local market average.
$212,889 represents the median home value in ZIP 69029, reflecting the overall property values in the region. This figure is crucial for understanding the potential resale value of properties and the equity landlords might build over time.
The median income in ZIP 69029 is $44,375, suggesting that many households fall within the income eligibility range for Section 8 assistance. This makes the program particularly relevant for landlords seeking to fill vacancies with stable tenants.
Note that the days on market (DOM) and the percentage of price-cut share are not available, which could indicate a lack of recent sales data or a robust rental market where sales are less frequent. However, given the high tenant demand and favorable income levels, landlords should anticipate steady occupancy rates.
In conclusion, the data from ZIP 69029 supports a positive outlook for Section 8 participation, with higher FMRs compared to market rents and a substantial tenant pool. The median home value also indicates solid investment potential outside of the rental market. Landlords should consider these factors when evaluating their portfolio's performance and growth opportunities. Verdict: Favorable for Section 8 participation.
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.