Section 8 Fair Market Rent (FMR) for ZIP 69340 - 2027
Location: Sheridan County, NE | Metro: Garden County, NE
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$75,329
To determine if a landlord should buy in ZIP code 69340 for Section 8 purposes, follow this decision tree based on the available data:
- 1) Does FMR $960 (metro FY 2026) cover the debt service on a property?
- If the debt service is less than $960, then the answer is Yes. The Fair Market Rent (FMR) can fully support the mortgage and other financial obligations.
- If the debt service exceeds $960, then the answer is No. The FMR will not be sufficient to cover the necessary financial outlays.
- 2) Is the market rent above, at, or below the FMR of $960?
- If the market rent is above $960, then the answer is It Depends. Landlords would need to assess whether they can find tenants willing to pay the higher market rate or if they should aim for Section 8 vouchers which offer $960.
- If the market rent is at $960, then the answer is Yes. This aligns perfectly with the FMR, making it a viable option for landlords looking to participate in the Section 8 program.
- If the market rent is below $960, then the answer is No. Accepting lower market rents would not be financially advantageous when compared to the guaranteed FMR.
- 3) Are 69.9% renters combined with the number of days on the market (DOM) indicative of sufficient demand?
- If the DOM is low (less than 30 days), then the answer is Yes. With a high percentage of renters and quick turnover, there is likely strong demand for rental properties in this area.
- If the DOM is moderate (between 30-60 days), then the answer is It Depends. While the renter percentage suggests potential demand, longer DOM could indicate challenges in finding suitable tenants.
- If the DOM is high (more than 60 days), then the answer is No. Despite the high percentage of renters, the extended time on the market implies weak demand or difficulty in renting out properties.
Note: Specific figures for debt service and DOM are required to make a definitive recommendation. Without these numbers, the analysis remains conditional on the actual values.
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.