Location: Hayes County, NE | Metro: Hayes County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 69032 in metro FY 2026 is set at $960. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the Housing Authority will pay up to $960 per month towards the rent of your property. It's important to note that this is not the actual rent you can charge tenants; it's the maximum amount the voucher will cover.
In comparison, the average rent for the area, according to the Census ACS, is $491. This lower figure indicates that there is a significant portion of the population who may struggle to afford market-rate rents without assistance. The FMR is designed to ensure that families earning less than 50% of the Area Median Income (AMI) can find suitable housing options within their budget.
The renter share in ZIP 69032 is 34.0%, suggesting a moderate demand for rental properties. With the Section 8 program, you can tap into a steady stream of tenants who have their rent subsidized, reducing the risk of vacancies. However, the demand also depends on the number of Section 8 vouchers available in the area, so it's crucial to verify this before proceeding.
If you're looking to acquire a new rental property in this area, the median home value is around $233,698. This figure gives you an idea of the investment required to enter the market. While the initial cost might seem high, the long-term benefits of having a guaranteed tenant through the Section 8 program can outweigh the upfront expenses.
Before deciding to enroll in the Section 8 program, ensure that your property meets all the necessary requirements, including health and safety standards. This verification step is critical as it ensures compliance with the program and prevents potential issues that could lead to disqualification or penalties.
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.