Location: Scotts Bluff County, NE | Metro: Banner 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 | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,010 | $119,673 | 0.84% | C |
| 3BR | $1,210 | $188,700 | 0.64% | D |
| 4BR | $1,390 | $237,490 | 0.59% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 69334, which includes Bayard, NE, Morrill County, and Scotts Bluff County within the NE metro area, reveals a favorable environment for investors seeking stable returns. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $960, significantly higher than the current market rent of $729 as reported by the Census American Community Survey (ACS).
This gap indicates that voucher tenants will cashflow at the HUD FMR rate, providing landlords with a reliable source of income above the average market rent. This means that landlords can expect to cover their expenses and generate profit without relying on premium units. The median home value in the area is $154,171, leading to a rent-to-price ratio that supports the affordability of rental properties over homeownership.
Despite the lack of specific data on median days on market (DOM) and the percentage of homes that experienced price cuts, the overall trend suggests that the local real estate market is stable. The strong disparity between HUD FMR and market rent points to a robust demand for affordable housing, which is well-supported by the voucher program.
The strongest investor angle in ZIP 69334 is cashflow, given the substantial difference between the HUD FMR and the actual market rent. Investors can secure steady income streams from Section 8 tenants without facing the risks associated with fluctuating market conditions or the need for expensive property upgrades.
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.