Location: Kimball County, NE | Metro: Banner County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 69128 is set at $990 for the fiscal year 2026. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8, and it's important to note that this is not the amount you can charge as rent. The FMR is the maximum amount that the program will pay towards a tenant's rent.
In ZIP 69128, there is no specific local rent figure provided for comparison, which means the FMR of $990 is likely the benchmark for the area. With 38.8% of the population being renters, there is a substantial demand for affordable housing options. This percentage indicates that nearly 4 out of every 10 residents are looking for rental properties, making the potential for occupancy relatively high if your property meets the necessary criteria.
The median home value in ZIP 69128 is $211,845. For a landlord or small-portfolio investor, this suggests that the cost to acquire a property suitable for a Section 8 rental is within this range. However, remember that the actual rent received from the voucher program will be capped at the FMR of $990, regardless of the market value or acquisition cost of the property.
To ensure success with a Section 8 rental, it's critical to verify that your property meets the Housing Quality Standards (HQS) required by the program. These standards cover a wide range of safety and habitability requirements, including structural integrity, heating, plumbing, and electrical systems. Compliance with these standards is mandatory for acceptance into the program, and failing to meet them can result in denial of assistance payments.
In summary, while the median home value in ZIP 69128 is $211,845, the Section 8 payment standard caps your rental income at $990 per month for the fiscal year 2026. Given the 38.8% renter share, there is significant demand for affordable rentals. Before proceeding, confirm that your property complies with HQS to avoid any issues with the program.
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.