Location: Perkins County, NE | Metro: Deuel 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 | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $134,095 | 0.76% | D |
| 3BR | $1,370 | $226,113 | 0.61% | D |
U.S. Census Bureau data (2024)
The median household income in ZIP code 69122, Big Springs, NE, stands at $73,194. Considering the Census ACS reported market rate of $833 for rent, it's evident that the average household could manage such expenses comfortably without significant financial strain. However, when comparing this figure to the Fair Market Rent (FMR) standard set at $1,020 for metro FY 2026, the disparity becomes apparent. The FMR represents the maximum amount that a household receiving a housing voucher can pay for rent, which is significantly higher than the current market rate.
This means that for those relying on housing vouchers, the financial burden would be lessened compared to paying the market rate. The voucher system effectively subsidizes the difference between the FMR and the actual rent charged, making it easier for tenants to secure housing. In ZIP 69122, with only 19.9% of the population being renters and a total population of 654, the competition among landlords is relatively low. This situation can work both ways; it provides an opportunity for landlords to attract tenants with lower rental rates, but also means they might not face intense pressure to lower prices due to limited competition.
Landlords considering their strategy should take note of these figures. Accepting voucher payments at the FMR of $1,020 ensures a steady income that covers the costs associated with renting properties. On the other hand, focusing on cash-paying tenants who can afford the market rate of $833 may offer a simpler administrative process, though it could limit the pool of potential renters. The key takeaway is that landlords in Big Springs, NE, have a choice between ensuring financial stability through voucher programs or potentially increasing occupancy rates by setting competitive market-based rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.