Location: Frontier County, NE | Metro: Frontier County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 69042 is located in a rural setting, primarily comprising small towns and communities. With a population of 13, it's evident that this area is sparsely populated. Notably, there are no renters reported in this ZIP code, indicating a lack of rental properties or a very low demand for them. The median income and median home value data are unavailable, which suggests that comprehensive economic analysis might be challenging due to limited data points.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040. However, without specific market rent data for ZIP 69042, it's difficult to compare how FMR aligns with actual local rental prices. This absence of market rent figures further complicates an accurate assessment of the rental market dynamics in this area.
Given the scarcity of rental units and the lack of detailed economic data, ZIP 69042 would likely be a poor fit for a hands-off Section 8 voucher operator. The small population size and the absence of renters suggest that there is minimal demand for subsidized housing. On the other hand, for a hands-on value-add buyer, there could be potential opportunities to develop rental properties that cater to the needs of low-income families, leveraging the FMR of $1,040. However, such investments would require thorough research and possibly the development of new rental units, as opposed to managing existing ones. The rural nature of the ZIP code implies that any investment strategy should consider the unique challenges and opportunities presented by a small community setting.
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.