Location: Cheyenne County, NE | Metro: Cheyenne County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 69141 is primarily a homeowner-dominated area rather than a renter-heavy zone. With only 4.6% of the population renting, there isn't a deep voucher demand. The median household income stands at $82,500, which places most residents in a higher income bracket.
The average market rent in this area is $633. This represents approximately 9.3% of the median household income, indicating that typical rent is relatively affordable for most residents. For context, the Fair Market Rent (FMR) for the metro area, set at $970 for fiscal year 2026, is significantly higher than the actual market rent in ZIP 69141. This suggests that the rental market in this ZIP is below the regional average, making it less competitive for vouchers.
A landlord in ZIP 69141 can expect tenants who are likely to be financially stable given the income levels and the relatively low rent-to-income ratio. However, due to the low percentage of renters, finding tenants who qualify for Section 8 vouchers might prove challenging. Landlords should prepare for a tenant pool that predominantly consists of individuals or families who can afford market-rate rents without government assistance.
To summarize, ZIP 69141 offers a rental market that is more affordable compared to the broader metropolitan area, but the limited number of renters means that the demand for Section 8 vouchers is also limited. Landlords should anticipate a tenant profile that is capable of paying market rates, reflecting the financial stability of the local population.
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.