Location: Sheridan County, NE | Metro: Garden County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 69335 presents several challenges that landlords must consider. Tenant turnover is a significant concern due to the disparity between the market rent and the Fair Market Rent (FMR) set at $960 for fiscal year 2026, which could lead to financial instability if not managed properly. Vacancy exposure is another issue, as the Days on Market (DOM) figure is not available, indicating potential difficulties in quickly filling vacancies. This can be particularly problematic when combined with the median income of $82,000, which suggests a higher likelihood of tenants seeking assistance through vouchers, thereby increasing dependency on the Section 8 program.
The deferred maintenance exposure is also noteworthy. With no typical home value provided, it's challenging to assess the overall condition of properties in the area. However, the median income of $82,000 implies that residents might struggle with significant out-of-pocket expenses for maintenance, potentially leading to higher repair costs for landlords. Despite these risks, the 0.0% renter share statistic is misleading without additional context; typically, a high concentration of renters would indicate a greater demand for voucher-assisted housing. In ZIP 69335, the lack of detailed data complicates a thorough risk assessment.
Despite the potential pitfalls, the primary mitigating factor is the low renter share, which is an anomaly given the usual correlation with higher voucher demand. This suggests that there may be fewer tenants relying solely on Section 8 vouchers, reducing the risk associated with the program's bureaucratic processes and payment delays. However, the absence of key data points such as market rent and typical home values leaves considerable uncertainty about the true condition and market dynamics of the area.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.