Location: Hooker County, NE | Metro: Cherry 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 | $730 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $150,044 | 0.84% | C |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 69152 reveals a distinct difference between government-subsidized rental income and market-driven rental income. Using the annualized Fair Market Rent (FMR) for a two-bedroom apartment at $960 per month for fiscal year 2026, the annual rental income would be $11,520. Against the median home value of $132,197, this yields an implied gross yield of approximately 8.7%. In contrast, using the market rent figure of $598 per month derived from the Census ACS, the annual rental income drops to $7,176, resulting in an implied gross yield of roughly 5.4%.
The higher gross yield associated with the Section 8 scenario makes it more attractive for investors seeking to maximize returns on their investment properties. However, the market rent scenario reflects the actual demand and willingness to pay among renters in the area, which is crucial for understanding the true potential of rental income in ZIP 69152.
Given that 46.2% of residents in this ZIP code are renters, there is a significant population that could potentially benefit from Section 8 housing assistance. The lack of data on the number of days on market (DOM) suggests that the rental market in ZIP 69152 is relatively stable, without extreme fluctuations in vacancy rates that might affect the reliability of market rent estimates.
In summary, while the Section 8 scenario provides a higher gross yield at 8.7%, the market rent scenario offers a more grounded perspective at 5.4%. Investors should consider the stability of the rental market and the likelihood of securing tenants through the Section 8 program when evaluating these figures.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.