Location: Cherry County, NE | Metro: Cherry County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 69135 has a population of 29 residents, which indicates an extremely small community. The data shows that 0.0% of these residents are renters, suggesting that this area is predominantly composed of homeowners rather than renters. This implies that the demand for rental properties, including those supported by Section 8 housing vouchers, is likely to be very low.
Given the lack of specific information on median household income and market rent for this ZIP code, it's challenging to provide a direct comparison between local income and rent costs. However, we can infer that with such a small number of renters, the competition for Section 8 vouchers would also be minimal.
The Fair Market Rent (FMR) for the metropolitan area in fiscal year 2026 is set at $1,000. Without knowing the exact market rent in ZIP 69135, we cannot calculate the precise percentage of local income that goes towards rent. But it's important to note that in areas with a significant number of homeowners, rental properties often cater to niche markets or special circumstances, such as tenants who require assistance through government programs like Section 8.
A landlord in ZIP 69135 should expect a tenant pool that is highly dependent on housing vouchers due to the scarcity of rental units. These tenants will have their rent subsidized up to the FMR level, ensuring they pay no more than 30% of their adjusted income towards rent. Given the FMR of $1,000, a landlord can anticipate that voucher holders will be allocated this amount or less, based on their individual income and family size.
In conclusion, ZIP 69135 is not a renter-heavy area but rather a homeowner-dominated community where the presence of Section 8 vouchers is likely limited. Landlords should prepare for a tenant base that relies heavily on voucher support, with rents capped at or below the FMR threshold of $1,000.
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.