Location: Cherry County, NE | Metro: Cherry County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 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 Section 8 housing market in ZIP 69211, located in Cherry County, NE metro, offers a clear path for cashflow-positive investments when compared to the HUD Fair Market Rent (FMR) of $960 for the metro area in fiscal year 2026. The Census ACS reports the current market rent at $658, indicating that landlords can achieve positive cashflow with typical units, as the FMR significantly exceeds the average market rent.
To derive the rent-to-price ratio, we use the median home value of $167,109. This results in a ratio of approximately 1.46%, which is calculated by taking the annualized FMR ($11,520) and dividing it by the median home value. Such a low ratio suggests that rental income alone might not be sufficient to justify the purchase price of homes in this area, making appreciation or stability more compelling investment angles.
Given the data, voucher tenants cashflow positively at the FMR rate, allowing landlords to maintain profitability without needing to seek premium units. The dynamics of the local real estate market, including the N/A-day median Days on Market (DOM) and N/A% price-cut share, indicate that there is limited data available to assess the broader buy-versus-rent trends. However, the primary focus for investors should remain on the cashflow benefits derived from the gap between FMR and market rent.
The strongest angle for investors in ZIP 69211 is cashflow, given the substantial difference between the HUD FMR and the current market rent levels, ensuring a reliable and consistent income stream from Section 8 tenants.
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.