Location: Sioux County, NE | Metro: Box Butte County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 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)
Alliance, NE, located in Box Butte County, is characterized by a population of 9,524 residents, with 24.3% living in rental properties. The median household income stands at $68,371, reflecting a moderate economic status. Notably, the median home value in Alliance is $172,425, which is relatively high compared to other rural areas in Nebraska.
The key factor distinguishing this ZIP code for Section 8 analysis is the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR for a metro area like Alliance is set at $960. However, the Census ACS data indicates that the average market rent is $743. This means landlords can potentially earn an additional $217 per month above the current market rate by participating in the Section 8 program. This higher subsidy rate can be particularly attractive for landlords looking to maximize their rental income while serving tenants who qualify for assistance.
The data signature for Alliance, NE, suggests a stable environment. The median income and home values indicate a balanced local economy, where there is sufficient demand for rental properties among both assisted and non-assisted households. The relatively low percentage of renters also points to a community where homeownership is common, yet the rental market remains viable due to the government subsidies available through the Section 8 program. Landlords and small-portfolio investors can expect consistent returns with a manageable risk profile, making Alliance a reliable location for investment in subsidized housing.
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.