Location: Kimball County, NE | Metro: Banner County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 69133 reveals a unique balance between yield and stability that is particularly appealing for landlords and small-portfolio investors focused on the Section 8 housing market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $960, which is notably higher than the non-existent market rent figure. This suggests a high-yield potential for properties participating in the Section 8 program.
However, the stability of the rental market in this ZIP code is somewhat mixed. With only 21.5% of residents being renters, the demand for rental properties, including those under Section 8, is relatively low compared to areas with higher percentages of renters. Additionally, the lack of data on days-on-market (DOM) indicates an unclear trend regarding how quickly rental units are occupied once they become available. This can be a significant risk factor for landlords, as prolonged vacancies can impact cash flow negatively.
The median household income of $55,000 provides a moderate level of financial security for the local population. While it does not indicate extreme economic hardship, it also suggests that a portion of the residents may be seeking affordable housing options such as those provided through Section 8. This can contribute to a stable tenant base but does not guarantee quick turnover or high occupancy rates.
The median home value of $146,426 is another critical figure in assessing the overall market dynamics. This value is indicative of the cost of entry into the real estate market in this area, suggesting that while the FMR offers a strong rental yield, the capital investment required to acquire property is also substantial.
Given these factors, ZIP 69133 appears to be a market that offers a blend of high yield and moderate stability. It is not a flip-style market due to the absence of data indicating rapid property turnover or speculative gains. Instead, it leans towards being a steady-cashflow zone, driven primarily by the attractive FMR of $960, which ensures a reliable income stream for Section 8 properties. However, the lower percentage of renters and the unknown DOM metrics suggest that achieving consistent occupancy might require proactive management strategies to mitigate risks associated with vacancy periods.
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.