Location: Sioux County, NE | Metro: Sioux 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 | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $160,637 | 0.68% | D |
| 3BR | $1,380 | $238,637 | 0.58% | F |
U.S. Census Bureau data (2024)
The neighborhood in ZIP code 69346, located in Harrison, NE, is characterized by a modest population size of 480 residents, with 23.0% of them being renters. The median household income in this area stands at $62,083, indicating a middle-class community. The median home value is $185,502, reflecting an affordable housing market.
From an investment perspective, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This figure is slightly below the market rent of $1,036, as reported by the Census Bureau's American Community Survey (ACS). For hands-off Section 8 voucher operators, this ZIP code offers a stable rental environment where the disparity between FMR and market rent is minimal, ensuring steady cash flows without the need for constant tenant turnover.
However, for hands-on value-add buyers looking to increase property values and rents, Harrison, NE presents a more challenging scenario. With only 23.0% of the population renting, there is a smaller pool of potential tenants. Additionally, the relatively low median income suggests that many residents may be reliant on Section 8 vouchers to afford housing, which could limit opportunities for increasing rents beyond the FMR.
In conclusion, ZIP 69346 is best suited for hands-off investors who prioritize stability and predictability over aggressive rent increases. The slight margin between FMR and market rent, combined with the limited number of renters, makes it less attractive for those seeking to actively manage and improve their properties' financial performance through higher rents.
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.