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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $780 | $100,601 | 0.78% | D |
| 2BR | $1,010 | $171,271 | 0.59% | F |
| 3BR | $1,290 | $213,066 | 0.61% | D |
| 4BR | $1,450 | $244,607 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 69341, located in Gering, NE, within the Scotts Bluff County, NE metro, has several distinguishing characteristics that set it apart when compared to typical ZIP codes in the county. Its Fair Market Rent (FMR) for FY 2026 is set at $960, which is higher than the market rent of $826. This indicates that the government's assessment of rental value in this area is slightly above what the market currently dictates, suggesting a potential for rental income stability.
The median home value in ZIP 69341 stands at $204,002, which is likely representative of the overall housing market in the region. However, the significant 27.4% renter share points towards a substantial portion of the population renting their homes. This high percentage of renters, coupled with a below-FMR market rent, suggests that 69341 could be an attractive area for Section 8 landlords and investors looking for a balance between property value and rental demand.
To further contextualize, let's consider how these figures stack up against other ZIP codes in Scotts Bluff County, NE. While we don't have specific comparative data, we can infer that 69341 might be considered a mid-tier neighborhood. The FMR is slightly above the market rent, indicating that while it isn't the most expensive area, it also isn't the cheapest. This positioning makes it a reasonable choice for those seeking a stable investment without the premium associated with higher-priced markets.
The high renter share, particularly if it is driven by Section 8 tenants, can be a positive indicator for landlords who are willing to participate in the program. It ensures a steady stream of tenants, often with guaranteed rental payments through the voucher system. However, it also means that landlords should be prepared to comply with the regulations and requirements of the Section 8 program.
In summary, ZIP 69341 appears to be a mid-tier neighborhood within the Scotts Bluff County, NE metro. Its slightly elevated FMR compared to market rent, combined with a high renter share and lower home values, positions it as a potentially valuable opportunity for landlords and investors interested in Section 8 properties. The area offers a balance between investment costs and rental income potential, making it a sweet spot for those focused on this segment of the real estate market.
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.