Location: Thomas County, NE | Metro: Blaine County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 69142 is situated in a rural area of Nebraska, characterized by a modest population size of 53 individuals. The rental market here is significant, with nearly half—48.4%—of the residents being renters. Notably, specific figures for median income and median home value are not available, indicating a lack of detailed economic data for this small community.
Moving into the specifics of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure contrasts sharply with the actual market rent, which according to the Census Bureau's American Community Survey (ACS), is only $419. This discrepancy suggests a substantial gap between government-set rental standards and the local rental market, potentially offering opportunities for investors who can navigate the complexities of the Section 8 program.
Given the characteristics of ZIP 69142, it would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The low population density and limited economic data indicate a stable but slow-moving market, where the primary focus should be on ensuring compliance with Section 8 requirements and collecting rents. For those looking to actively improve properties or increase their value through renovations and upgrades, this area may present fewer opportunities due to its small scale and possibly lower demand for enhanced amenities.
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.