Location: Morrill 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 | $750 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $113,405 | 0.91% | C |
| 3BR | $1,230 | $213,549 | 0.58% | F |
| 4BR | $1,400 | $238,344 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 69336, which includes Bridgeport, NE, is set at $980 for the fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders can be expected to receive up to $980 per month to cover their rent. However, it's important to note that this does not directly translate to your rental income; the actual rent you charge could be higher, but the voucher will only cover up to $980.
To put this into perspective, the average rent in the area is currently $778 according to recent Census American Community Survey data. This suggests that the FMR is above the average rent, potentially making Section 8 rentals more attractive to tenants who might otherwise struggle to find affordable housing.
In ZIP 69336, 26.8% of households are renters, indicating a steady demand for rental properties. With the FMR being higher than the average rent, there is a good chance that Section 8 tenants will be willing to pay slightly more than non-voucher holders, given the stability and predictability of the program.
When considering the acquisition cost of a property, the median home value in the area is approximately $148,525. This makes it feasible for small-portfolio investors to enter the market without requiring a substantial capital investment.
Before proceeding with a Section 8 rental, ensure that the property meets all inspection criteria set by the local housing authority. These inspections are thorough and aim to verify that the property is safe, decent, and sanitary for occupancy. Failure to meet these standards can result in disqualification from the program, so it's crucial to invest in any necessary repairs or improvements beforehand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.