Location: Logan County, NE | Metro: Custer County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The classification of ZIP code 69120 hinges upon a detailed analysis of its yield and stability metrics, which are crucial for landlords and small-portfolio investors. The yield potential can be assessed by comparing the Fair Market Rent (FMR) with the actual market rent and the median home value. For the fiscal year 2026, the FMR for the metro area stands at $980, while the local market rent is lower at $796. This indicates that there is room for rental price increases, potentially leading to higher yields. However, the median home value of $163,339 suggests that property appreciation might be limited compared to other areas, impacting long-term capital gains.
Stability, on the other hand, is influenced by the percentage of renters, the average days on market (DOM), and the median household income. In ZIP 69120, 27.5% of residents are renters, which is a moderate figure suggesting a balanced mix of homeowners and tenants. The median household income of $69,886 provides insight into the economic health of the area, indicating that residents have a reasonable ability to pay rent. Unfortunately, the average DOM is not available, which would have been useful for assessing how quickly properties can be rented out.
Based on these figures, ZIP 69120 appears to be a steady-cashflow zone rather than a high-yield/low-stability market. The presence of a moderate renter population and decent household income supports consistent tenant occupancy and rental payments. While the difference between the FMR and market rent implies opportunities for increasing rental income, the relatively low median home value suggests that significant appreciation is unlikely, making it less suitable for short-term flipping strategies.
To conclude, the primary drivers for this classification are the moderate renter percentage (27.5%), the median household income ($69,886), and the comparison between the FMR ($980) and market rent ($796). These factors point towards a stable environment where landlords can expect reliable cash flows without the volatility associated with high-yield markets.
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.