Location: Lincoln County, NE | Metro: Lincoln County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $303,469 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 69151 is situated within the Lincoln County, NE metro area. The Fair Market Rent (FMR) for this ZIP code is set at $960 for fiscal year 2026, which is higher than the average market rent of $871. This indicates that while the rental market is slightly above average, it is still within a reasonable range for many investors.
The median home value in ZIP 69151 stands at $245,263. This figure is indicative of a middle-tier neighborhood when compared to other ZIP codes within Lincoln County, NE. Home values can vary widely across different areas, but this particular ZIP code represents a balanced investment opportunity, neither being the most expensive nor the least.
A noteworthy statistic is the 20.7% renter share, which is a significant portion of the population. This suggests a strong demand for rentals, making ZIP 69151 an attractive location for landlords and small-portfolio investors. However, the FMR being higher than the market rent could signal that there is government support available through programs like Section 8, which might be beneficial for landlords willing to participate.
To determine if ZIP 69151 is a value pocket, mid-tier neighborhood, or a premium sub-market, we must consider the relationship between its FMR, market rent, and home values. With an FMR of $960 and a market rent of $871, landlords in this area can potentially benefit from the subsidy gap if they choose to accept Section 8 tenants. The relatively lower market rent combined with a higher FMR suggests a possible sweet spot for Section 8 properties.
Given the median home value of $245,263, this ZIP code leans towards a mid-tier neighborhood. It is neither the most affordable nor the most luxurious within the Lincoln County, NE metro. The higher-than-average renter share also points towards a steady demand for rental properties, which can be advantageous for those looking to invest in the rental market.
In summary, ZIP 69151 presents itself as a mid-tier neighborhood within the Lincoln County, NE metro, offering opportunities for landlords and small-portfolio investors due to its balance of home values and rental market dynamics. The potential for Section 8 subsidies, coupled with a higher-than-average renter share, makes it particularly interesting for those seeking to capitalize on government-assisted housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.