Location: Cherry County, NE | Metro: Cherry County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for the metro area of ZIP 69219 for fiscal year 2026 is set at $1,000. This figure serves as a benchmark for rental prices that landlords can charge while participating in the Section 8 program. Given the lack of specific market rental rates for the area, the FMR provides a reliable guideline for maintaining steady cash flow.
Despite the limited data points, such as the median home value being unavailable, the presence of a significant number of bank-owned or real estate owned (REO) properties suggests an opportunity for acquiring properties at potentially lower costs. According to Zillow, there are currently 0 homes for sale in ZIP 69219, but this could indicate a low turnover rate rather than a lack of opportunities. It's important to note that the absence of specific market data makes it challenging to assess the exact potential for appreciation, but the low population density and rural nature of the area might limit short-term price growth.
The median income data for ZIP 69219 is also not provided, which makes it difficult to gauge the overall financial health of the residents. However, with a renter share of 4.5%, it indicates that a small portion of the population is likely to be renters, which aligns well with the Section 8 program's focus on affordable housing. This percentage suggests that the area is not heavily reliant on rental income, making it a stable anchor for cash flow rather than a speculative investment.
In summary, ZIP 69219 should be viewed primarily as a cash-flow anchor within a Section 8 portfolio strategy. The defined FMR of $1,000 for the metro area ensures a predictable rental income, while the low renter share and unavailability of other key metrics point towards a conservative approach to investment in this area. Landlords and small-portfolio investors can benefit from the stability this ZIP code offers, even if appreciation plays are less likely to be prominent.
To provide a more comprehensive analysis, further investigation into the specific real estate trends and economic indicators of ZIP 69219 would be necessary. However, based on the current data, focusing on the cash-flow aspect is the most prudent strategy.
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.